More unauthorized FX websites get blocked in Italy
Italy’s Companies and Exchange Commission (CONSOB) today announces that it has issued orders for the blocking of more unauthorized investment websites, including ones offering Forex trading.
The websites of FX Optex, FX24 and Expert Systems FX are among the latest batch of webpages targeted by Consob’s orders. The newest additions include:
- Nab Europe Limited (www.nabconsulting.eu);
- Swiss Management Corporation Ltd (https://fx24.one);
- “Expertsystemsfx” (client.expertsystemsfx.com);
- “FXOptexGroups” and “FxOptexGroup” (https://fxoptexgroups.com and https://client.fxoptexgroups.com);
- “Italiano Invest” (www.italianoinvest.com);
- QubitTech Corporation (www.qubittech.dev).
Consob explains that it has ordered the blackout of six new websites that offer financial services/products illegally, with five of these being illegal financial intermediation websites and one website offering of financial products without a prospectus.
In issuing the orders, the regulator made use of the powers granted to it under the so-called “Growth Decree”. The piece of legislation empowers Consob to order Internet service providers to block access to unauthorized financial services websites that target Italian investors.
Consob regularly issues such “blackout” orders. Last week, the regulator added four websites to the “blackout” list. At present, the list features 391 entries.
The blackout activities of these websites by ISPs is ongoing. Due to technical factors, it can take several days for the blocking to be implemented.