Econoinvest Capital, S.A. – Clase B

What it is

In 2006, with a brokerage and an insurance company under one roof, the Econoinvest group formed Econoinvest Capital, S.A. as the holding company for the whole enterprise. That same year, Econoinvest Capital registered its shares on the Bolsa de Valores de Caracas, offering both Class A and Class B shares — the Class B (ECO.B) being the subject of this profile.

Both classes, ECO.A and ECO.B, carry ISIN codes VEV0024510A and VEV0024510B respectively and a face value of VES 740 (US$1)per share. Today the BVC’s live trading board shows no ECO.B transactions — the shares are listed but effectively dormant, a legal relic of what was once Venezuela’s biggest brokerage.

Who owns it

When Econoinvest Capital listed in 2006, it ran an employee share plan that 88% of staff subscribed to, creating 540 new shareholders — an unusually broad base for a Venezuelan firm. More than 700 employees became shareholders, and over 70% of the workforce had entrusted their savings to the group.

The original controlling shareholders were the founders and their families; post-liquidation ownership structure is not disclosed in available sources. No government or institutional controlling block has been publicly identified in post-2010 filings, and the BVC and SUNAVAL do not publish current ownership registers online.

Who runs it

Econoinvest was founded in Caracas in 1996 by Hermán Sifontes and Gabriel Osío, who built it into Venezuela’s largest brokerage with 1,000 staff and four regional offices. In May 2010, executives Miguel Osío, Hermán Sifontes, Juan Carlos Carballo, and Ernesto Rangel were detained when the government intervened the firm, accusations which the company consistently denied.

Current board composition and executive leadership are not disclosed in available sources; no post-liquidation filings from the company or SUNAVAL name active directors for the holding entity.

The money, in plain words

No audited revenue, profit, or asset figures have been published by Econoinvest Capital or filed with the BVC or SUNAVAL since the 2010 liquidation of its operating subsidiary. All key financial metrics — net margin, return on equity, price-to-earnings ratio — are therefore not disclosed in available sources.

The face value of VES 740 (US$1)per share (~$1.06) is the only official monetary reference attached to the listed security.

Investors should treat this as a listed shell: the operating business that generated real cash flows no longer exists, and no financial statements for the residual holding company are publicly available. The share’s “price,” if any trade is ever recorded, would reflect speculation about residual claims, not any ongoing earnings stream.

What it is doing now

The Venezuelan securities regulator ordered the temporary intervention of Econoinvest in May 2010, and despite the firm’s founders arguing the company was solvent and all client assets were protected, the regulator ultimately forced its liquidation. On 25 May 2010, Venezuela’s securities superintendent suspended operations at Econoinvest and 36 other brokerages simultaneously.

The holding company’s Clase B shares remain listed on the BVC as of July 2026 but recorded no trading on today’s session — consistent with a pattern of near-complete illiquidity that has persisted for over a decade. No material corporate events, results announcements, or regulatory filings have appeared in publicly accessible BVC or SUNAVAL databases in recent periods.

What to watch

• Any resumption of filings. If Econoinvest Capital publishes audited accounts with SUNAVAL or the BVC, that would be the first confirmable sign the holding company has surviving economic substance.
• Delisting risk. The BVC lists around 30–35 companies in total; regulators could eventually delist inactive securities. Watch for any SUNAVAL notice about ECO.A and ECO.B.
• Legal resolution. The criminal proceedings against the founders were still unresolved years after the 2010 intervention; any judicial ruling could clarify residual claims on the holding company’s assets.
• Venezuela macro. The entire Caracas market trades in a hyperinflationary currency (VES); any value assessment depends as much on exchange-rate policy as on company-specific facts.

This is news, not investment advice.