Italy’s CONSOB orders blocking of 14 unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to 14 websites.
Specifically, CONSOB has ordered the closure of four websites that were illegally providing investment services and activities in financial instruments, and ten websites that were providing services for crypto-assets without authorization.
The following is a list of the websites that have been blocked:
- Taidy Trade SA – “SteTrading” (site https://stetradingonline.com);
- “Fino Glob” (site https://finoglob.com and related page https://my.finoglob.com);
- “ValorixAI” (sites https://valorixai.it and https://valorixai-it.fyi);
- “Rer221” (site https://rer221.it);
- “Cdx818” (website https://cdx818.it);
- “78Yzb” (website https://78yzb.it);
- “Uiu258” (website https://uiu258.it);
- “M1gqv” (website https://m1gqv.it);
- “Dfh226” (website https://dfh226.it);
- “Yuy257” (website https://yuy257.it);
- “Fgd326” (website https://fgd326.it);
- “AsdD952” (website https://asd952.it);
- “Aes332” (website https://aes332.it).
This brings the total number of websites blocked by Consob since July 2019 to 1,622.
In issuing the orders, the Authority has exercised the powers granted by the “Growth Decree” and the MiCAR (EU Regulation and Legislative Decree No. 129/2024).
Internet service providers operating in Italy are currently blocking the websites. For technical reasons, the actual blocking may take several days to implement.
Consob also noted the evolution of deceptive practices that exploit the Internet to steal users’ money and personal data. The use of new tools, such as “cloned” emails and websites, counterfeit profiles of political figures, celebrities, and content generated by artificial intelligence systems—such as images, voices, or videos—has increased, with the aim of inducing savers to make harmful investment decisions.
