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

The entities targeted by the latest orders are:

• Pim Mtf Markets Limited (websites www.pimmtf.vip, www.pimcmtf.vip, www.pimmtf.ai and www.pimmtf.ltd);
• “Peaktradeoption” (website https://peaktradeoption.com);
• “Stockwisse” (website www.stockwisse.co and related page https://clientzone.stockwisse.co)
• “Finanza Expert” (website https://finanzaexpert.io and related pages https://clients.finanzaexpert.io and https://trading.finanzaexpert.io);
• “SteTrading” (website https://www.stetrading.online).

In issuing the orders, the Authority made use of the powers deriving from the “Decreto crescita” (“Growth Decree”, converted by Law No. 58 of 28 June 2019).

The number of websites blocked since July 2019, when Consob got the power to order that the websites of fraudulent financial intermediaries be blacked out, has thus risen to 1,336. Last week, the regulator ordered the blocking of access to 11 unauthorized websites.

The implementation of the black-out of these websites by Internet service providers is ongoing. For technical reasons, it can take several days for the blocking to come into effect.