Abstract:Italy’s Companies and Exchange Commission (CONSOB) has taken action to block access to five new websites offering financial services and products illegally.
Italys Companies and Exchange Commission (CONSOB) has taken action to block access to five new websites offering financial services and products illegally. This move targets four illicit financial intermediation platforms and one website that conducts financial product offers without a prospectus, exercising its authority under the “Decreto crescita” (“Growth Decree” Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies) and Law no. 8 of 28 February 2020, Article no. 4, paragraph 3-bis.
The affected websites are as follows: “Luno Invest” (https://lunoinvest.net), Vantage Global Limited (www.vantage-markets.com and related page https://secure.vantage-markets.com), “Capital4it Ltd” (www.capital4it.io and related page https://panel.capital4it.io), Crypto Trade Club Ltd (https://cryptotradeclub.ltd and related page https://cfd.cryptotradeclub.ltd), and “Amlight-italiainvestment” (www.amlight-italiainvestment.net). Internet service providers in Italy are currently in the process of blocking access to these sites, a procedure that may take several days due to technical constraints.
CONSOB emphasizes the importance of exercising utmost caution to ensure informed investment decisions and safeguard savings. Investors are urged to adopt prudent practices, including verifying the authorization status of financial service providers before investing and ensuring the publication of a prospectus for financial product offers.
This recent action adds to CONSOBs ongoing efforts to combat fraudulent financial activities. In April, seven unauthorized investment websites were blocked, bringing the total number of blocked sites since July 2019 to 1065. CONSOB remains vigilant in its mission to protect investors and maintain the integrity of financial markets.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Tickmill has integrated SoFinX's platform to enhance its copy trading services, promising a superior trading experience.
Early summer in Hong Kong saw the sun shining over the sparkling waters of Victoria Harbour, much like the bright ideas shaping the future of the financial industry. Today (May 17), the highly anticipated financial event, The WIKI FINANCE EXPO HONG KONG 2024 concluded successfully at SKY 100 in ICC, Tsim Sha Tsui, Kowloon, Hong Kong. Organized by WikiGlobal, this financial technology extravaganza gathered top figures from the global financial sector to explore the development and future trends of financial technology.
The article underscores the imperative for public vigilance against impersonation scams targeting bank customers, emphasizing the heightened risk posed by fraudulent calls from individuals masquerading as National Scam Response Centre officers.
If you have been scammed before, you may be vulnerable to refund or recovery scams. These schemes promise to help you recover lost funds or the item you never received, but only after you pay an upfront fee. Beware of this scenario as this is a new deceptive scam lurking in the dark!