Press release 24 July 2020 - CONSOB AND ITS ACTIVITIES
Consob has ordered the black-out of new websites that illegally offer financial services/financial products and, in particular, of 3 websites through which an offer of financial products is made in the absence of a prospectus and of 1 website through which it is carried out the advertising activity relating to one of the three aforementioned offers.
The Authority availed itself of the new power introduced by the Law no. 8 of 28 February 2020 (Article no. 4, paragraph 3-bis), with reference to the black-out of the websites through which both abusive offers and advertising are carried out.
Below are the sites for which Consob has ordered the blackout:
- Ganancias Deportivas (https: //gananciasdeportivas.net website);
- Mindcapital Oü (https: //mind.capital website);
- Vivaexchange Oü (www.exw-wallet.com website);
- IS-R InternetServices-Reinders (https://www.bonus-wallet.com/exw-wallet-app-tokenreview/italiano website).
Accordingly, it has risen to 261 the overall number of websites that have been obscured by Consob from July 2019, since the Authority was empowered to order the black-out of the websites of abusive financial intermediaries.
The measures adopted by Consob are available on the website www.consob.it .
The activities for the black-out of the said websites by the Internet connectivity providers operating on the Italian territory are in progress. For technical reasons it can take a few days for making them effective.
Consob warns all savers about the value of making use of their utmost diligence in order to make their investment choices in full awareness, by the adoption of behaviors based on common sense, which are essential to safeguard their savings: among these, a preventive verification, with respect to websites offering financial services, that the subject through which the investment is made is an authorized entity and, in relation to financial products offers, that the prospectus has been published.
To this end, Consob reminds that on the homepage of its website www.consob.it , it is available the section "Watch for scams!", where useful information have been published for the purpose of warning investors with relation to abusive financial initiatives.
