Abstract：The Italian financial regulator CONSOB has recently blacked out five websites offering illegal financial services, as part of its mission to combat financial fraud and protect investors. This action brings the total number of blocked sites to 970 since July 2019, when CONSOB received the power to shut down fraudulent financial websites. The regulator emphasizes the importance of investor diligence and verification of financial service providers' authorization to maintain a safe and transparent financial environment in Italy.
In a decisive move to protect investors and the integrity of the financial market, the Italian financial regulator CONSOB announced on November 17, 2023, the black-out of five new websites offering financial services unlawfully. This action is part of CONSOB's ongoing commitment to combat financial fraud and safeguard consumer interests.
The websites targeted in this recent crackdown are:
Bitblanco - www.bitblanco.com and webtrader.bitblanco.com
Alphascrypto - www.alphascrypto.uk
Billionaire Trade Ltd - billionaire-trade.com along with its related pages
Infinity Invest - infinityinvest.pro and its associated platforms
CustomhouseCL - www.customhousecl.com and related trading platforms
Since July 2019, when CONSOB was empowered to order the black-out of websites operated by fraudulent financial intermediaries, the total number of blocked sites has reached a significant milestone of 970.
CONSOB underscores the necessity for investors to practice utmost diligence in making investment decisions. It is crucial to verify the authorization of any financial service provider and ensure the availability of a prospectus for financial product offers. These steps are essential to safeguard personal savings and avoid falling prey to illicit financial schemes.
This latest enforcement action by CONSOB reflects its unwavering commitment to maintaining a safe and transparent financial environment in Italy. The regulator continues to monitor and take necessary actions against entities that pose a risk to investor safety and market integrity.
CONSOB, the Italian Companies and Exchange Commission, is the government authority responsible for regulating the Italian securities market. Its mission is to protect investors and ensure the smooth functioning of the financial markets through oversight, regulation, and enforcement actions.
Warning: ExpertOption's 120% Deposit Bonus - Unregulated Broker Risks Uncovered! Protect Your Investments Immediately!
In this article, WikiFX will reveal 5 brokers that have received the most complaints in Malaysia within November 2023! Beware users!!!
Debunking the biggest myth of trading!
The pursuit of wealth has led to a complex tapestry of deceit and financial devastation in Southeast Asia's forex trading landscape, where fraudulent schemes, from Malaysia's infamous JJPTR Ponzi scheme to Thailand's multi-million dollar fraud, have cast a shadow over the region's investment terrain.