Italy’s CONSOB blocks access to websites of FXCrue and FXG Markets Investment
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to six new websites that offer financial services illegally.
The websites targeted by the latest set of orders are:
- Xtbco Ltd (website https://xtbco.com and related pages https://client.xtbco.com and https://webtrader.xtbco.com);
- “FXCrue” (website https://fxcrue.com and related pages https://webtrader.fxcrue.com and https://client.fxcrue.com);
- “Sgbfinancesa.io” (website https://sgbfinancesa.io and related pages https://client.sgbfinancesa.io and https://webtrader.sgbfinancesa.io);
- “Ariel System” (website https://arielsystem.pro);
- “FXG Markets Investment” (website https://fxgmarkets.com and related page https://my.fxgmarkets.com);
- Link Financial Limited (website www.linkfinancialltd.com).
In issuing the orders the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), on the basis of which Consob can order Internet service providers to block access from Italy to websites offering financial services without the proper authorization.
The number of websites blacked out since July 2019, when Consob got the power to order that the websites of fraudulent financial intermediaries be blacked out, has thus risen to 983.
The black-out of these websites by Internet service providers is ongoing. For technical reasons, it can take several days for the blocking to become implemented.