Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to 18 unauthorized investment websites.

Specifically, the Commission has ordered the closure of five websites that were illegally providing investment services and activities on financial instruments, and two websites that advertised unauthorized trading platforms. In one case, the website improperly used the names and images of well-known Italian figures, specifically Senator Carlo Calenda and entrepreneur Piero Ferrari.

The following is a list of the websites that have been shut down:

• “Urus Developments” (website https://urusdev.limited and related page https://auth.ltdurus.com);
• “InvestiProItalia” (website https://investiproitalia.com and related page https://clients.investiproitalia.com);
• “Arche-FX Group” (website https://arche-fxgroup.com and related page https://client.arche-fxgroup.com);
• “Targon.ltd” – “Puntoborsaai.com” (website https://targon.ltd and related pages https://user.newclientpanel.com, https://wt.newclientpanel.com as well as the related advertising website www.puntoborsaai.com);
• “Apollocse” – “Puntoborsaai.it” (website www.apollocse.com and related pages https://client.apollocse.com, https://client.apollosce.co, https://trading.investmentsoverview.com as well as the related advertising website https://puntoborsaai.it).

Furthermore, Consob ordered the blocking of 11 websites through which crypto-asset services were being illegally provided:

• “GFF612” (website https://gff612.it);
• “ADAN82” (website https://adan82.it);
• “SDS031” (website https://sds031.it);
• “YUU369” (website https://yuu369.it);
• “TYU105” (website https://tyu105.it);
• “HGJ258” (website https://hgj258.it);
• “FHD016” (website https://fhd016.it);
• “TUU158” (website https://tuu158.it);
• “DFW222” (website https://dfw222.it);
• “BNG373” (website https://bng373.it);
• “ERE316” (website https://ere316.it).

This brings the total number of websites blocked by Consob since July 2019 to 1,555.

The Authority has exercised the powers granted by the “Growth Decree” and those introduced by the “Capital Law”, as well as the powers granted by the MiCAR regulations (EU Regulation and Legislative Decree no. 129/2024).

For technical reasons, the actual blocking may take several days.