Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to seven unauthorized investment websites.

The entities targeted by the latest set of orders are:

• “EXT24” (website https://ext247.co and related page https://my.ext247.co);
• “Rgroupltd” (website https://rgroupltd.cm and pages https://client.rgroupltd.cm and https://webtrader.rgroupltd.cm);
• “Trevorex” (website https://trevorrex.com and related page https://app.trevorrex.com);
• “AHP” (website www.ahpcmg.com);
• “QW Limited” (website www.quantumwins.com and related pages https://webtrader.quantumwins.com and https://mobtrader.quantumwins.com);
• “Tradepower” (website https://tradepower.pro and pages https://client.trade-power.pro and https://bestrader.io);
• “Magnomic Yield Ltd” (website https://magnomicyieldltd.com).

In issuing the orders, Consob made use of the powers granted to it under the “Growth Decree” (“Decreto crescita” – Law No. 58 of 28 June 2019, Article No. 36, paragraph 2-terdecies) and Law No. 8 of 28 February 2020, Article No. 4, paragraph 3-bis.

The number of websites blacked out since July 2019, when Consob got the power to order that the websites of fraudulent financial intermediaries be blocked, has thus risen to 1360.

The black-out of these websites by Internet service providers operating in Italy is ongoing. For technical reasons, it can take several days for the blocking to be implemented.