Italy’s CONSOB orders blocking of access to 13 unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to 13 unauthorized investment websites.
The entities targeted by the latest orders are:
- “CaptinCapital” (website www.captincapital.org);
- “Mercato del Futuro” (website https://mercatodelfuturo.com and related pages https://clients.mercatodelfuturo.com and https://trading.mercatodelfuturo.com);
- “Sector-Fusion” (website www.sector-fusion.com and related page https://webtrader.w1e2b3tr4d3r.com);
- “3Afund” (website www.3-afund.com);
- “Cfw896” (website https://cfw896.it);
- “Lumex” (websites https://stratoslumex.com and https://stratoslumex.net);
- “Tmxa” (website https://60yg.com);
- “Uyr968” and “Fwq367” (websites https://uyr968.it and https://fwq367.it);
- “Syk755” (website www.syk755.it);
- “Pxm266” (website https://pxm266.it);
- “GenixLimited” (website https://genixlimited.com).
In issuing the orders, the Commission made use of the powers deriving from the “Growth Decree” (“Decreto crescita” – Law No. 58 of 28 June 2019, Article No. 36, paragraph 2-terdecies), regarding the blacking out of the websites of abusive financial intermediaries, as well as of the power introduced by Law No. 8 of 28 February 2020, Article No. 4, paragraph 3-bis, regarding the blacking out of the website by means of which the abusive offer is carried out and of the powers introduced by the MiCAR regulations (Regulation (EU) 2023/1114 and Legislative Decree No. 129 of 5 September 2024) regarding the blacking out of websites by means of which services for crypto-assets are provided to Italian savers in the absence of the prescribed authorizations.
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 1349. Last week, the regulator ordered the blocking of access to eight unauthorized websites.
The black-out of these websites by Internet service providers is ongoing. For technical reasons, it can take several days for the blocking to be implemented.
