Finance Feeds logo

Italy’s Consob orders blocking of access to 16 unauthorized investment websites

Maria Nikolova

The latest orders take the number of websites that are blocked under the so-called “Growth Decree” to 239.

Italy’s Companies and Exchange Commission (CONSOB) continues to make use of the powers granted to it under the so-called “Growth Decree”. Today, the Italian regulator announces that it has issued orders for the blocking of access to 16 websites that illegally offer financial services to Italian investors.

The websites targeted by the latest set of orders are:

  • Equalizer Ltd (websites www.capitalgmafx.com, https://secure.capitalgmafx.com, https://trade.capitalgmafx.com, www.marketscfds.com, https://secure.marketscfds.com, https://trading.marketscfds.com, https://ztrade24.com, https://secure.ztrade24.com, https://trade.ztrade24.com);
  • Sucaba Enterprise Ltd (website www.skycapital.cc);
  • Lead Secure LTD (website www.fxdirects.com);
  • RL Ltd (website www.royaltd24.net);
  • Platiniumfund Ltd (website www.platiniumfund.com);
  • “Findealadvisers” (website www.findealadvisers.com);
  • FSM SMART Ltd (website it.fsmsmart.net);
  • “RMT500” (website www.rmt500.net) .

This takes the number of websites blocked by the Italian regulator since July 2019 to 239. In ordering Internet service providers (ISPs) to “black out” the websites, the authority refers to the “Growth Decree”. This piece of legislation allows the blocking of access to an illicit financial services website from Italian territory. It usually takes several days to implement the blocking.

Before the “Growth Decree” was implemented, Consob typically counted on warnings in order to protect investors from getting involved with fraudulent investment schemes.

Consob usually updates on the blocking of illegal online trading websites each week. Last week, the regulator ordered the blocking of five websites. These websites are usually operated by entities that offer FX, CFD, and crypto-asset trading services.

Subscribe

Read this next

Market News

Navigating Yen Depreciation and Euro Resilience in Global Markets

Amidst the persistent depreciation of the Japanese yen against the US dollar, pressure mounts on Japanese policymakers to translate their verbal assurances into tangible actions.

acy securities logo
Digital Assets

El Salvador refutes rumors of Bitcoin wallet hack

Chivo Wallet, El Salvador’s official cryptocurrency wallet, has dismissed reports of a hack involving its software source code and the data of over 5 million users associated with its KYC (Know Your Customer) procedures.

blockdag

Best Crypto to Buy: BlockDAG Presale Hits $20.1M Following Moon-Shot Keynote Teaser as Dogecoin & Shiba Inu Prices Plummet

This landmark achievement sets it apart in the cryptocurrency landscape, where traditional favorites like Dogecoin and Shiba Inu are witnessing a price decline.

BlockDAG to the moon
Digital Assets

MetaMask developer sues SEC over regulatory overreach

Ethereum ecosystem developer Consensys Software has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), challenging the agency’s regulatory actions concerning Ethereum and its related services.

Institutional FX

Tradeweb pulls in $408.7 million in Q1 revenue amid record trading volumes

Tradeweb Markets Inc. (NASDAQ: TW) has just announced its financial results for the first quarter of 2024, which showed a robust performance for the three months through March.

Institutional FX

BGC Group valued at $667 million following investment by major banks

BGC Group announced that its exchange platform, FMX Futures, is now valued at $667 million after receiving investments from a notable consortium of financial institutions.

blockdag

Transforming a Bankrupt Investor into a Cryptocurrency Giant; Can BlockDAG Replicate Ethereum’s Meteoric Rise With 30,000x Predictions?

The realm of cryptocurrency investing presents a thrilling blend of challenges and opportunities. The legendary gains by early Ethereum investors serve as a powerful lure for those seeking the next major breakthrough.

Top ICO you cant miss BlockDAG
Digital Assets

SEC delays decision on spot bitcoin options ETFs

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether to authorize options trading on spot bitcoin ETFs, extending the review period by an additional 45 days. The new deadline for the SEC’s decision is now set for May 29, 2024.

Bitcoin ETF
Market News, Tech and Fundamental, Technical Analysis

Solana Technical Analysis Report 25 April, 2024

Solana cryptocurrency can be expected to fall further toward the next support level 130.00, target price for the completion of the active impulse wave (i).

<
✖