Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of 10 unauthorized investment websites.

In particular, six websites illegally provided investment services and activities on financial instruments. One website promoted an unauthorized trading platform through the improper use of references and images of public figures known to the Italian public, specifically Prime Minister Giorgia Meloni and journalist Sigfrido Ranucci.

In addition, Consob ordered the blocking of three websites through which crypto-asset services were being provided illegally.

The websites affected by the latest orders are:

• “FXInvest” (website https://fxinvest.co and related page https://client.fxinvest.co);
• “ICCTRADES” (website https://icctrades.com and related page https://client.icctrades.com);
• “FortivestTrade” (website www.fortivesttrade.org);
• “Vorenixio” (website https://vorenixio.pro);
• “Eurotradecfd” (website https://eurotrade24-cfds.com and related page https://client.eurotrade24-cfds.com);
• Morgan Capital Ltd – “huriyettdaily.news” (website https://morgancapital.io and related page https://cfd.morgancapital.io and linked advertising website https://huriyettdaily.news).
• “Druvaxio” (website https://druvaxio-invest.com);
• “Lucrumiagroup” (websites https://www.lucrumiaofficial.co and https://www.lucrumiamode.co, with related pages https://wap.lucrumiaofficial.co and https://wap.lucrumiamode.co).

This brings the total number of websites blocked by Consob since July 2019, when the Authority was given the power to order the blocking of websites of abusive financial intermediaries, to 1,517.

Finally, Consob asked Apple to remove from its distribution platform in Italy the mobile app linked to ‘Eurotradecfd,’ named ‘DataShark GT’: an application through which financial services were offered illegally.

In issuing the blocking orders, the Authority has exercised the powers deriving from the ‘Growth Decree’, the ‘Capital Law’, as well as MiCAR (EU Regulation and Legislative Decree No. 129/2024).