Finance Feeds logo

Italian regulator orders blocking of 11 websites that illegally offer online trading services

Maria Nikolova

The number of websites blocked thus far under the so-called “Growth Decree” has risen to 279.

Italy’s Companies and Exchange Commission (CONSOB) keeps making use of the powers granted to it under the “Growth Decree”. The latest set of orders mandate the blocking of access from Italian territory to 11 websites that illegally offer investment services.

On the basis of the “Growth Decree” (Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), Consob can order Internet connectivity service providers to ban access from Italy to the websites through which financial services are offered without due authorization.

Below are the 11 websites targeted by the latest set of orders:

  • Dinengo Partners LTD (website https://marketsdock.com, and related pages client.marketsdock.com and status.marketsdock.com);
  • Jean Pierre Technologies LTD (website www.jp.finance, and related pages https://trade.jp.finance and https://cashier.jp.finance);
  • KBS Capital Markets LTD (website www.topcapitalfx.com and the related page www.my.topcapitalfx.com);
  • NorthfintechFX Trading Services Ltd (website www.northfintechfx.co and the related page www.northfintechfx.trade);
  • “Wallwood Broker” (website https://wallwoodbroker.com);
  • “247 First Invest” (website https://247firstinvest.com);
  • Uptos Ltd (website www.uptos.org);
  • Equalizer Ltd (website www.marketfxc.com);
  • “Inter Media Ltd” (website www.cfgtrades.com);
  • “Acquantum AG” (website www.acquantum.eu);
  • “Matrix banco” (website https//matrixbanco.com).

This has taken the number of websites blocked under the “Growth Decree” to 279. The regulator has been issuing such orders since July 2019, when it got the powers to order the blackout of abusive financial intermediaries websites. Prior to that, Consob had to count mainly on warnings in order to raise awareness among the public about illegal financial services providers.

The activities for the blocking of the said websites by the Internet service providers operating in Italy are in progress. For technical reasons it can take a few days to implement them.

Subscribe

Read this next

Retail FX

Italy blocks domains of Vantage, Luno Invest and Crypto Trade

Consob, the Italian securities regulator, has dropped the hammer on yet another number of FX websites it says were illegally promoting trading products in the country. It has contacted Italy’s internet service providers (ISPs), requesting that they block access to all of the sites in question.

Digital Assets

Celsius users consider legal challenge to reorganization plan

A group of creditors from the bankrupt crypto lender Celsius is looking into legal options to challenge the company’s reorganization plan, which they claim unfairly favors certain creditors.

Digital Assets

e-CNY mastermind Yao Qian arrested in corruption probe

The mastermind behind China’s central bank digital currency (CBDC) project is reportedly under scrutiny for suspected “violations of discipline and law,” according to Shanghai Securities News.

e-CNY mastermind Yao Qian arrested in corruption probe
Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: USD Strength, US PCE, Eurozone April 26 ,2024

US inflation data came in hotter than expected, pressuring the Federal Reserve to potentially raise interest rates and causing the US Dollar to rise against the Euro as the Eurozone faces economic uncertainties.

blockdag

BlockDAG Presale Tops $20.7M! Here’s How to Buy BDAG Coins with USDT and Ethereum for Explosive Gains of 30,000x

Early investors are looking at potentially significant returns in its tenth batch at $0.006 per coin.

Buy BDAG Coins and Miners 640
Retail FX

Exclusive: Prop firm Funded Engineer faces lawsuit from FPFX

Retail trading tech provider FPFX Technologies, LLC (FPFX Tech), has filed a lawsuit against the prop firm Funded Engineer and its associated operatives for alleged breaches of contract.

Market News, Tech and Fundamental, Technical Analysis

USDJPY Technical Analysis Report 26 April, 2024

USDJPY currency pair can be expected to rise further toward the next resistance level 160.00, target price for the completion of the active impulse sequence (C).

Education, Market News

Whether you’re curious about starting technical analysis or an experienced trader looking to refine your strategy, this guide will equip you with the knowledge you need to master technical analysis.

The importance of technical analysis in investing cannot be overstated; it is a cornerstone of stock research.

Man sitting and staring into monitors
Digital Assets

US crypto miner and founders hit with $5.6 million fraud charges

The U.S. Securities and Exchange Commission (SEC) has filed charges against Texas-based cryptocurrency mining and hosting company Geosyn, and its co-founders Caleb Ward and Jeremy McNutt.

<
✖