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Be aware of fraud! Consob orders to internet providers to block the access to 4 unauthorized websites offering financial services (Press Release of 11 october 2019)

Consob has ordered the black-out of 4 websites that offer financial services illegally.

The Commission availed itself of the new powers resulting from the ‘Decreto Crescita' (‘Growth Decree', Law no. 58 of June 28, 2019, article 36, paragraph 2-terdecies), on the basis of which Consob can order internet access providers to block access from Italy to websites offering financial services without the proper authorization.

The companies and websites are listed below:

  • Signal Invention s.r.o. - "Financial-Signal" (www.financial-signal.com);
  • Gam Group Ltd  - "MarketsFX"  (https://marketsfx.com);
  • TradersHome Ltd (https://tradershome.com);
  • StsCrypto  (https://stscrypto.com).

The measures with which the aforementioned companies were ordered to terminate the abusive activity  can be viewed on the website www.consob.it .

The black-out of these websites by internet access providers operating on the Italian market is ongoing.

For technical reasons, it can take several days for the black-out to come into effect.

11 October 2019