Nearly 800 unauthorized investment websites already blocked in Italy
The number of unauthorized investment websites already blocked under the orders of Italy’s regulator Consob has reached nearly 800.
Italy’s Companies and Exchange Commission (CONSOB) today issued orders for the blocking of four new illegal websites. The latest set of orders targets the following entities:
- Tetris Group Ltd (website https://clydetrade.world);
- Broker Capitals Limited (website https://broker-capitals.com and related page https://platform.broker-capitals.com);
- “MTinvesting” (website www.mtinvesting.com);
- “NBIMarkets” (website www.nbimarkets.com and related pages https://account.nbimarkets.com and https://trading.nbimarkets.com).
In issuing the orders, the regulator availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), on the basis of which Consob can order Internet service providers to block access from Italy to websites offering financial services without the proper authorization.
The number of sites blacked out since July 2019, when Consob got the power to order the black-out of websites of fraudulent financial intermediaries, has thus risen to 796.
The black-out of these websites by Internet service providers operating in Italy is ongoing. For technical reasons, it can take several days for the blocking to be implemented.
Consob draws investors’ attention to the importance of adopting the greatest diligence to make informed investment choices, adopting common sense behaviors, essential to safeguard one’s savings: these include checking in advance that the operator with whom you are investing is authorized and that a prospectus has been published.
To this end, Consob would remind you that there is a section on the homepage of its website www.consob.it entitled “Watch for Scams!”, providing useful information to warn investors against financially abusive initiatives.