News In Detail - CONSOB AND ITS ACTIVITIES
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Published: 01/01/1970
Consob and the Banca d'Italia have updated the Supervisory guidelines for Simple Investment Companies (Società di investimento semplice, SIS) to take account of the sixth update to the Regulation on Collective Investment Schemes, introduced by a decree of 23 March 2026 published in the Official Gazette on 7 April 2026.
Among the changes, the net asset threshold required for a manager to be considered a SIS has been raised from €25 million to €50 million, in line with the current provisions of the Consolidated Law on Finance.
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Watch for scams! Financial fraud: Consob blocks 12 websites (Press release of 9 April 2026)
Published: 01/01/1970
PRESS RELEASE
As part of its efforts to combat financial fraud, Consob has ordered the blocking of 12 websites.
An order was issued to close one website (www.elite-flows.com) through which financial products were being offered to the public without a prospectus. In addition, orders were issued to take down 10 websites that were unlawfully providing investment services and activities relating to financial instruments, and one website that advertised an unauthorised trading platform.
Below is the list of websites ordered to be taken down:
- "GoMarketsLtd" (website https://go-market-ltd.net and associated page https://client.go-market-ltd.net);
- "Dryden Partners" (website https://drydenpartners.com);
- "Atf GlobalX" (website https://atfglobalx.co and associated page https://client.atfglobalx.co);
- "LSEGCapital Limited" (website www.lsegcapital.com and related pages https://client.lsegcapital.com, https://webtrader.lsegcapital.com);
- "Roccanazionale IA" - "Zenterovlima.pro" (websites https://roccanazionale.com, https://roccanazionaleia.it, https://roccanazionale-ia.org and https://roccanazionale-it.com, as well as the associated advertising site https://zenterovlima.pro);
- "PFT Certx International Ltd and Zeus Global Asset Management FZCO" (websites www.pftcertx.com and www.pftcertx.it);
- "Elite-Flows Limited" and "Green Wealth Limited" (website www.elite-flows.com).
A total of twelve websites have been blocked this week. This brings the total number of websites blocked by Consob since July 2019 to 1,666, when the Authority was granted the power to order the blocking of websites belonging to unauthorised financial intermediaries.
The Authority has exercised the powers deriving from the "Growth Decree" to block the websites of unauthorised financial intermediaries, those introduced by the "Capital Act" regarding the blocking of websites used to run advertising campaigns for unauthorised brokerage platforms, as well as the power introduced by Law No. 8 of 28 February 2020, Article 4, paragraph 3-bis, regarding the blocking of the website through which the unauthorised offer is made.
The measures adopted by Consob can be viewed on the website www.consob.it. Internet service providers operating in Italy are currently in the process of blocking access to these websites. For technical reasons, it may take a few days for the block to take effect.
It is important that savers exercise the utmost care when making fully informed investment decisions, adopting common-sense practices that are essential for safeguarding their savings: among these, checking in advance, for websites offering financial services and crypto-assets, that the operator through which one is investing is authorised and, for offers of financial products and crypto-assets, that the prospectus or white paper has been published.
Consob also draws attention to the evolution of deceptive practices that exploit the internet to steal users' money and personal data: there has been an increase in the use of new tools, such as emails and 'cloned' websites, fake profiles of politicians and celebrities, and content generated by artificial intelligence systems – such as images, voices or videos – with the aim of inducing investors to make harmful investment choices.
To this end, Consob urges investors to consult the dedicated information sheet containing advice on how to protect themselves from financial fraud in the age of artificial intelligence and reminds them that its website features the 'Watch for scams!' section, where useful information is available to warn investors against fraudulent financial schemes.
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Published: 01/01/1970
Consob has submitted for market consultation a number of amendments to its provisions on securitisations, issued in implementation of the Consolidated Law on Finance (Article 4-septies.2).
In light of the evidence gathered following an initial period of application of the Consob Provisions, amendments are proposed that are essentially aimed at reducing the burdens on operators, particularly in cases where they are required to report on securitisation transactions not only to Consob but also to the prudential authorities.
Among the most significant changes:
- the extension of the deadline for notifying securitisation transactions to one month from the date of issue, compared with the current 5 and 15 days respectively for simple, transparent and standardised ('STS') securitisations and for nonstandardised securitisations. This proposal aligns the notification deadlines to Consob with those set by the prudential authorities, facilitating a unified management of the notification obligations incumbent on banks involved in STS securitisation transactions;
- the introduction, for significant banks, of the possibility to submit certificates of compliance with the Securitisation Regulation signed by persons delegated by the management body.
Other proposed amendments aim to refine the content of the Consob Provisions, in line with current provisions in the FAQs, for example regarding the possibility of delegating the task of transmitting information to Consob to the servicer of the securitisation transaction.
Comments on the consultation paper must be received online by Consob no later than 27 April 2026, via the Integrated System for External Users (SIPE).
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Watch for scams! Financial fraud: Consob blocks 32 illegal websites (Press release of 3 April 2026)
Published: 01/01/1970
PRESS RELEASE
As part of its efforts to combat financial fraud, Consob has ordered the blocking of a total of 32 websites.
Specifically, orders were issued to shut down 10 websites that were unlawfully providing investment services and activities relating to financial instruments, and 22 websites that were unlawfully providing services for crypto-assets. Below is the list of websites ordered to be taken down:
- "Fxcalle"
- "Fint-xpert" (website www.fint-xpert.com);
- "Primevaultfx" (website https://primevaultfx.com);
- "Trade-zonex" (website https://trade-zonex.com);
- "Bravonexmarkets" (website https://bravonexmarkets.com);
- "Avantcapitaltrade" (website https://avantcapitaltrade.com);
- "alchemyxmarkets" (website https://alchemyxmarkets.com);
- "Capibullmarket" (website https://capibullmarket.com);
- "Truenorthoptions" (website https://truenorthoptions.com);
- "Skylinefx" (website https://skylinefx.co);
- "Oxelvian" (websites: https://oxelvian.it, https://oxelvian.net, https://oxelvian.io, https://oxelvian.tech and https://oxelvian-it.net);
- "Eryxavin" (websites https://eryxavin.net, https://eryxavin.org and https://eryxavinit.com);
- "Kapidex Nx" (websites https://kapidexnx.net and https://kapidexnx);
- "Entratezza" (websites https://entratezza.com and https://entratezza-ia.com);
- "Fortunezza" (websites https://fortunezza.com and https://fortunezza.org);
- "Frame 2U Avapro" (websites https://frame-2u-avapro.com and https://frame-2u-avapro.org);
- "Valoranco" (websites https://valoranco.com and https://valoranco.org);
- "Rango Opularis" (websites https://rangoopularis.net, https://rangoopularis.com, https://rangoopularis-ai.com and https://rango-opularis.com).
This brings the total number of websites blocked by Consob since July 2019 to 1,654, when the Authority was granted the power to order the blocking of websites belonging to unauthorized financial intermediaries. Of these, 168 relate to crypto-asset-related activities.
The Authority has exercised the powers conferred by the "Growth Decree" to block the websites of unauthorized financial intermediaries, as well as the powers provided for under the MiCAR framework (EU Regulation and Legislative Decree No 129/2024) regarding the blocking of websites through which crypto-asset services are provided to Italian investors without authorization.
The measures adopted by Consob can be consulted on the website www.consob.it. Internet service providers operating in Italy are currently taking steps to block these websites. For technical reasons, the actual blocking may take a few days.
It is important that investors exercise the utmost diligence in making fully informed investment decisions, adopting common-sense practices that are essential for safeguarding their savings: among these, checking in advance, for websites offering investment services and crypto-assets, that the operator through which one is investing is authorized and, for offers of financial products and crypto-assets, that the prospectus or white paper has been published.
Consob also draws attention to the evolving nature of deceptive practices that exploit the internet to steal users' money and personal data: there has been an increase in the use of new tools, such as emails and 'cloned' websites, fake profiles of politicians and celebrities, and content generated using artificial intelligence systems – such as images, voices or videos – with the aim of inducing investors to make harmful investment decisions.
To this end, Consob invites investors to consult the dedicated information sheet containing advice on how to protect themselves from financial fraud in the age of artificial intelligence and reminds them that its website features the 'Watch for scams!' section, where useful information is available to warn investors against abusive financial schemes.
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Watch for scams! Financial fraud: Consob blocks 14 websites (Press release of 25 March 2026)
Published: 01/01/1970
PRESS RELEASE
As part of its efforts to combat financial fraud, Consob has ordered the blocking of a total of 14 websites.
Specifically, orders were issued to shut down 4 websites that were unlawfully providing investment services and activities relating to financial instruments, and 10 websites that were providing services for crypto-assets without authorisation. Below is the list of websites ordered to be taken down:
- Taidy Trade SA - "SteTrading" (website https://stetradingonline.com);
- "Fino Glob" (website https://finoglob.com and related page https://my.finoglob.com);
- "ValorixAI" (websites https://valorixai.it and https://valorixai-it.fyi);
- "Rer221" (website https://rer221.it);
- "Cdx818" (website https://cdx818.it);
- "78Yzb" (website https://78yzb.it);
- "Uiu258" (website https://uiu258.it);
- "M1gqv" (website https://m1gqv.it);
- "Dfh226" (website https://dfh226.it);
- "Yuy257" (website https://yuy257.it);
- "Fgd326" (website https://fgd326.it);
- "AsdD952" (website https://asd952.it);
- "Aes332" (website https://aes332.it).
This brings the total number of websites blocked by Consob since July 2019 to 1,622, since the Authority was granted the power to order the blocking of websites belonging to unauthorised financial intermediaries. Of these, 146 relate to crypto-asset-related activities
The Authority has exercised the powers conferred by the "Growth Decree" to block the websites of unauthorised financial intermediaries, as well as the powers provided for under the MiCAR framework (EU Regulation and Legislative Decree No 129/2024) regarding the blocking of websites through which crypto-asset services are provided to Italian investors without authorisation.
The measures adopted by Consob can be viewed on the website www.consob.it. Internet service providers operating in Italy are currently in the process of blocking access to these websites. For technical reasons, it may take a few days for the block to take effect.
It is important that savers exercise the utmost care when making fully informed investment decisions, adopting common-sense practices that are essential for safeguarding their savings: among these, checking in advance, for websites offering investment services and crypto-assets, that the operator through which the investment is made is authorised and, for offers of financial products and crypto-assets, that the prospectus or white paper has been published.
Consob also draws attention to the evolution of deceptive practices that exploit the internet to steal users' money and personal data: there has been an increase in the use of new tools, such as emails and ‘cloned' websites, fake profiles of politicians and celebrities, and content generated using artificial intelligence systems – such as images, voices or videos – with the aim of inducing investors to make harmful investment decisions.
To this end, Consob invites investors to consult the dedicated information sheet containing advice on how to protect themselves from financial fraud in the age of artificial intelligence and reminds them that its website features the ‘Watch for scams!' section, where useful information is available to warn investors against abusive financial schemes.
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Published: 01/01/1970
PRESS RELEASE
As part of its efforts to combat financial fraud, Consob has ordered the blocking of a total of 9 websites.
Specifically, orders were issued to close eight websites that were unlawfully providing investment services and activities relating to financial instruments, and one website that was advertising unauthorised trading platforms by improperly using the names and images of institutional figures known to the Italian public. Below is the list of websites ordered to be taken down:
- "GLQ-Investors" (website https://glq-investors.com);
- "Swiss-Pay" (website https://swiss-pay.io and related page https://client.swiss-pay.io);
- "Stone Vest" (website https://stone-vest-ltd.com and related page https://inv.stone-vest.com);
- Apollo" (websites https://apolloxpro.com and https://apollox-pro.vip);
- "FTI Finance" (website https://ftifinancelimited.com and related page https://client.ftifinancelimited.com);
- "Renditix AI" - "Renditixpro.space" (websites https://renditix-ai.net and https://rrenditixai.it, as well as the associated advertising website https://renditixpro.space).
This brings the total number of websites blocked by Consob since July 2019 – that is, since the Authority was granted the power to order the blocking of websites belonging to unauthorised financial intermediaries – to 1,608. Of these, 136 relate to crypto-asset-related activities.
Furthermore, Consob has asked the Meta platform to deactivate the social media profile https://www.facebook.com/people/Rapporto-Italia/61588197126954, used to disseminate the unauthorised promotional campaign relating to the ‘Renditix AI' platform, which was also advertised via the website https://renditixpro.space.
The Authority has exercised the powers conferred by the "Growth Decree" to block the websites of abusive financial intermediaries. The measures adopted can be viewed on the website www.consob.it. Internet service providers operating in Italy are currently in the process of blocking access to these websites. For technical reasons, it may take a few days for the block to take effect.
It is important that savers exercise the utmost care when making fully informed investment decisions, adopting common-sense practices that are essential for safeguarding their savings: among these, checking in advance, for websites offering investment services and crypto-assets, that the operator through which one is investing is authorised and, for offers of financial products and crypto-assets, that the prospectus or white paper has been published.
Consob also draws attention to the evolution of deceptive practices that exploit the internet to steal users' money and personal data: there has been an increase in the use of new tools, such as emails and ‘cloned' websites, fake profiles of politicians and celebrities, and content generated using artificial intelligence systems – such as images, voices or videos – with the aim of inducing investors to make harmful investment decisions.
To this end, Consob invites investors to consult the dedicated information sheet containing advice on how to protect themselves from financial fraud in the age of artificial intelligence and reminds them that its website features the ‘Watch for scams!' section, where useful information is available to warn investors against abusive financial schemes.
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Published: 01/01/1970
PRESS RELEASE
As part of its efforts to combat financial fraud, Consob has ordered the blocking of 11 new websites offering investment services without authorisation.
The following are the websites ordered to be taken down:
- "Aurum-Fix" (website https://ltd-aurum.com and related page https://inv.aurum-fix-corp.com);
- "CloudTrading" (websitehttps://cloudtrading.co and associated page https://my.cloudtrading.co);
- "Topmarketssolutions.com" (website https://topmarketssolutions.com and related page https://client.topmarketssolutions.com);
- The Wealth Company International Fzco (website www.tradetector.com);
- Exclusive Markets Ltd (website www.exclusivemarkets.com);
"Servelius" (website www.servelius.org and related page https://webtrader.oysteryx-ophonlie.com);
- "Fruenza" (websites https://fruenza.net and https://fruenza.info);
- "Pura Monetivo" (websites https://puramonetivo.com, https://pura-monetivo.com and https://puramonetivo.net).
This brings the total number of websites blocked by Consob since July 2019 – that is, since the Authority was granted the power to order the blocking of websites belonging to unauthorised financial intermediaries – to 1,599. Of these, 136 relate to crypto-related activities.
The Authority has exercised the powers granted by the ‘Growth Decree’ to block the websites of unauthorised financial intermediaries.
The measures adopted by Consob can be viewed on the website www.consob.it. Internet service providers operating in Italy are currently in the process of blocking access to these websites. For technical reasons, it may take a few days for the block to take effect.
It is important that savers exercise the utmost care when making fully informed investment decisions, adopting common-sense practices that are essential for safeguarding their savings: among these, checking in advance, for websites offering investment services and crypto-assets, that the operator through which the investment is made is authorised and, for offers of financial products and crypto-assets, that the prospectus or white paper has been published.
Consob also draws attention to the evolution of deceptive practices that exploit the internet to steal users’ money and personal data: there has been an increase in the use of new tools, such as emails and ‘cloned’ websites, fake profiles of politicians and celebrities, and content generated using artificial intelligence systems – such as images, voices or videos – with the aim of inducing investors to make harmful investment choices.
To this end, Consob invites investors to consult the dedicated information sheet containing advice on how to protect themselves from financial fraud in the age of artificial intelligence and reminds them that its website features the ‘Watch for scams!’ section, where useful information is available to warn investors against abusive financial schemes.
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Chiara Mosca takes on the role of Acting Chair of Consob (9 March 2026)
Published: 01/01/1970
From Monday 9 March, Chiara Mosca, the longest-serving Commissioner at the Institute, takes over as Acting Chair, replacing Paolo Savona, whose seven-year term ended on 8 March.
Mosca, who is an associate professor of commercial law at Bocconi University in Milan, has been a Consob Commissioner since 7 September 2021, having been appointed by the government led by Mario Draghi. She will serve as Acting Chair until the new Chair takes office.
To mark the end of Savona's term of office, which began on 8 March 2019, a volume has been published containing the speeches he gave at the seven annual meetings with the financial market from 2019 to 2025.
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Published: 01/01/1970
PRESS RELEASE
Consob has ordered the blocking of three new websites that were offering investment services without authorisation.
The following are the websites that Consob has ordered to be shut down:
- 'IG Group 24' (website https://iggroup24.life and related page https://my.24igg.to);
- "Mont Blanc Investment Ltd" (website https://montblancltd.com and related page https://client.montblancltd.com);
- "Activ Markets" (website https://activmarkets.org and related page https://webtrader.ac-markets-webtraderplatform.org).
This brings the total number of websites blocked by Consob since July 2019, when the Authority was given the power to order the blocking of websites of abusive financial intermediaries, to 1,588.
The Authority has exercised the powers conferred on it by the "Growth Decree" (Law No. 58 of 28 June 2019, Article 36, paragraph 2-terdecies) to block the websites of abusive financial intermediaries.
The measures adopted by Consob are available on the website www.consob.it. Internet connectivity providers operating in Italy are currently working to block access to the websites. For technical reasons, it may take a few days for the blocking to take effect.
It is important that savers exercise the utmost diligence in making fully informed investment choices, adopting common sense behaviours that are essential for safeguarding their savings: these include checking in advance, for websites offering investment and crypto-asset services, that the operator through which you are investing is authorised and, for financial and crypto-asset product offerings, that the prospectus or white paper has been published.
Consob also draws attention to the evolution of deceptive practices that exploit the internet to steal users' money and personal data: there has been an increase in the use of new tools, such as e-mail messages and 'cloned' websites, fake profiles of politicians and celebrities, and content generated using artificial intelligence systems - such as images, voices or videos - with the aim of inducing savers to make harmful investment choices.
To this end, Consob invites savers to read the information sheet containing advice on how to protect themselves from financial fraud in the age of artificial intelligence and reminds them that its website has a section entitled 'Watch for scams!', which provides useful information to warn investors against abusive financial initiatives.
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Published: 01/01/1970
PRESS RELEASE
As part of its efforts to combat financial fraud, Consob has ordered the blocking of a total of 10 websites.
Specifically, seven websites offering unauthorised investment services and activities on financial instruments and two websites advertising unauthorised trading platforms have been blocked.
Below is a list of these sites:
- 'Keyline FX' (website https://keylinefx.com and related page https://client.keylinefx.com);
- 'Auralyex' - 'Prisma-luxerise.com' (website www.auralyex.com and related page https://webtrader.sprawlyx-manilas.com as well as linked advertising website https://prisma-luxerise.com);
- "Po Trade Ltd" - "Prismaluxerise.it" (website https://p.finance and related pages https://v1.lands-po.com, https://m.p.finance as well as the linked advertising website https://prismaluxerise.it);
- "Campo Borsante" (websites www.campo-borsante.com, www.campo-borsante.org www.campoborsante.com, www.campo-borsante.net and related pages https://client.7cmanagement.cm and https://live.bitfoxytrade.com).
As part of the crackdown on illegal activities, the offering of crypto-assets by Solaxy Tech Ltd, carried out through the website https://solaxy.io, has also been blocked. The offering is not authorised as the information document (white paper) required by EU Regulation 2023/1114 on crypto (Micar) has not been notified to Consob.
The websites blocked this week bring the number of similar interventions since July 2019 to 1,585, i.e. since the Authority was granted the power to order the blocking of websites of illegal financial intermediaries by the 'Growth Decree'. Of these, 136 relate to phenomena linked to crypto-assets.
Consob has also asked Google to remove the mobile application 'Pocket Option' (for Android operating systems), linked to 'Po Trade Ltd', from its distribution platform in the Italian market, through which financial services are offered illegally.
The measures adopted by Consob are available on the website http://www.consob.it. Internet connectivity providers operating in Italy are currently working to block access to the websites. For technical reasons, it may take a few days for the blocking to take effect.
It is important that savers exercise the utmost diligence in making fully informed investment choices, adopting common sense behaviours that are essential for safeguarding their savings: these include checking in advance, for websites offering financial services and crypto-assets, that the operator through which you are investing is authorised and, for financial and crypto-asset product offerings, that the prospectus or white paper has been published.
Consob draws attention to the evolution of deceptive practices that exploit the internet to steal users' money and personal data: there has been an increase in the use of new tools, such as e-mail messages and 'cloned' websites, fake profiles of politicians and celebrities, and content generated using artificial intelligence systems - such as images, voices or videos - with the aim of inducing savers to make harmful investment choices.
To this end, Consob invites savers to read the information sheet containing advice on how to protect themselves from financial fraud in the age of artificial intelligence and reminds them that its website has a section entitled 'Watch for scams!', which provides useful information to warn investors.
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Published: 01/01/1970
PRESS RELEASE
Consob has ordered the blocking of five new websites that offered investment services without authorisation.
The following are the websites that Consob has ordered to be blocked:
- 'Eurogpb' (website www.eurogpb.com and related page https://clientarea.eurogpb.com);
- Falcon Ltd (website, website , https://alpha-connects.com and related page https://my.alpha-connects.com);
- "LevaQuant" (website https://levaquant.com and related page https://area.levaquant.org);
- "Darwinex IT" (website https://darwinexitltd.com and related page https://client.darwinexitltd.com);
- "CapitalAI" (website https://capitalai-ltd.com and related page https://trader.capitalai-ltd.com).
This brings the total number of websites blocked by Consob since July 2019, when the Authority was given the power to order the blocking of websites of abusive financial intermediaries, to 1,575.
The Authority has exercised the powers conferred on it by the 'Growth Decree' (Law No. 58 of 28 June 2019, Article 36, paragraph 2-terdecies) to block the websites of abusive financial intermediaries.
The measures adopted by Consob are available on the website www.consob.it. Internet connectivity providers operating in Italy are currently working to block access to the websites. For technical reasons, it may take a few days for the blocking to take effect.
It is important that savers exercise the utmost diligence in making fully informed investment choices, adopting common sense behaviours that are essential for safeguarding their savings: these include checking in advance, for websites offering investment and crypto-asset services, that the operator through which you are investing is authorised and, for financial and crypto-asset product offerings, that the prospectus or white paper has been published.
Consob also draws attention to the evolution of deceptive practices that exploit the internet to steal users' money and personal data: there has been an increase in the use of new tools, such as e-mail messages and 'cloned' websites, fake profiles of politicians and celebrities, and content generated using artificial intelligence systems - such as images, voices or videos - with the aim of inducing savers to make harmful investment choices.
To this end, Consob invites savers to read the information sheet containing advice on how to protect themselves from financial fraud in the age of artificial intelligence and reminds them that its website has a section entitled 'Beware of scams!', which provides useful information to warn investors against abusive financial initiatives.
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Published: 01/01/1970
PRESS RELEASE
Consob has ordered the blocking of 8 new websites that offered investment services without authorization.
Below are the websites that Consob has ordered to be blocked:
- "Alantracfd" (website https://alantra-cfd.com and related pages https://web.alantra-cfd.com and https://client.alantra-cfd.com);
- "Investenix" (website https://investenix.com and related page https://dashboard.investenixpro.com);
- "MRX Capital Trading" (website https://trading-area.mrxspectron-markets.com);
- "EUROAMFIN" (website https://euroamfin.com and related page https://client.euroamfin.com);
- VT Markets Limited (website www.vtmarkets-it.com and related page https://myaccount.vtmarkets-it.com);
- Amius Group Ltd (website https://amiusgroupltd.com and related page https://client.amiusgroupltd.com);
- "Naviark" (websites www.naviarkpmk.com and www.narvac.com);
This brings the total number of websites blocked by Consob since July 2019, when the Authority was granted the power to order the blocking of websites operated by abusive financial intermediaries, to 1,570.
The Authority has exercised the powers conferred on it by the "Decreto Crescita" (‘Growth Decree', Law No. 58 of 28 June 2019, Article No. 36, paragraph 2-terdecies) to block the websites of abusive financial intermediaries.
The measures adopted by Consob are available on the website www.consob.it Internet connectivity providers operating in Italy are currently working to block access to the websites. For technical reasons, it may take a few days for the blocking to take effect.
It is important that savers exercise the utmost diligence in making fully informed investment choices, adopting common sense behaviors that are essential for safeguarding their savings: these include checking in advance, for websites offering investment and crypto-asset services, that the operator through which you are investing is authorized and, for financial and crypto-asset product offerings, that the prospectus or white paper has been published.
Consob also draws attention to the evolution of deceptive practices that exploit the internet to steal users' money and personal data: there has been an increase in the use of new tools, such as emails and "cloned" websites, fake profiles of politicians and celebrities, and content generated using artificial intelligence systems—such as images, voices, or videos—with the aim of inducing savers to make harmful investment choices.
To this end, Consob invites savers to read the specific information sheet containing advice on how to protect themselves from financial fraud in the age of artificial intelligence and reminds them that its website has a section entitled 'Watch for scams!', which provides useful information to warn investors against abusive financial initiatives.
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Published: 01/01/1970
PRESS RELEASE
As part of its efforts to combat financial fraud, Consob has ordered the blocking of a total of 7 websites.
In particular, Consob ordered the blocking of six new websites offering investment services without authorisation and one website (https://savitpay.com) offering financial products to the public without a prospectus.
Below is a list of the websites ordered to be blocked: >
- "Longsharks Capital" (website https://longsharks.com and related page https://client.longsharks.com);
- "TradeOptimal" (website www.trade-optimal.com and related page https://client.trade-optimal.com);
- "ALLX" (website https://allxcapital.com and related page https://client.allxcapital.com);
- "TF Global Market" (website https://tfglobalmarket.com and related page https://client.tfglobalmarket.com);
- "MEXCFD.com" (website https://mexcfd.com and related page https://client.mexcfd.com);
- "Fil Investment Management" (website https://filinvestmentmanagement.com and related page https://client.filinvestmentmanagement.com);
- "Savitpay" (website https://savitpay.com).
This brings the total number of websites blocked by Consob since July 2019, when the Authority was given the power to order the blocking of websites of abusive financial intermediaries, to 1,562.
The Authority has exercised the powers conferred upon it by the "Growth Decree" (Decreto Crescita) to block the websites of abusive financial intermediaries, as well as the power introduced by Law No. 8 of 28 February 2020, Article 4, paragraph 3-bis, regarding the blocking of websites through which abusive offers are made.
The measures adopted by Consob are available on the website www.consob.it. Internet connectivity providers operating in Italy are currently working to block access to the websites. For technical reasons, it may take a few days for the blocking to take effect.
It is important that savers exercise the utmost diligence in making fully informed investment choices, adopting common sense behaviours that are essential for safeguarding their savings: these include checking in advance, for websites offering investment and crypto-asset services, that the operator through which you are investing is authorised and, for financial and crypto-asset product offerings, that the prospectus or white paper has been published.
Consob also draws attention to the evolution of deceptive practices that exploit the internet to steal users' money and personal data: there has been an increase in the use of new tools, such as e-mail messages and 'cloned' websites, fake profiles of politicians and celebrities, and content generated using artificial intelligence systems - such as images, voices or videos - with the aim of inducing savers to make harmful investment choices.
To this end, Consob reminds investors that its website features a section entitled 'Watch for scams!', which provides useful information to warn investors against abusive financial initiatives.
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Published: 01/01/1970
PRESS RELEASE
As part of its efforts to combat financial fraud, Consob has ordered the blocking of a total of 18 websites.
In particular, Consob ordered the blocking of 5 websites that were illegally providing investment services and activities on financial instruments and 2 websites that were advertising unauthorized trading platforms, in one case through the improper use of references to and images of public figures known to the Italian public, specifically Senator Carlo Calenda and entrepreneur Piero Ferrari.
Below is a list of the websites ordered to be blocked:
- “Urus Developments” (website https://urusdev.limited and related page https://auth.ltdurus.com);
- “InvestiProItalia” (website https://investiproitalia.com and related page https://clients.investiproitalia.com);
- “Arche-FX Group” (website https://arche-fxgroup.com and related page https://client.arche-fxgroup.com);
- “Targon.ltd” - “Puntoborsaai.com” (website https://targon.ltd and related pages https://user.newclientpanel.com, https://wt.newclientpanel.com as well as the linked advertising website www.puntoborsaai.com);
- “Apollocse” - “Puntoborsaai.it” (website www.apollocse.com and related pages https://client.apollocse.com, https://client.apollosce.co, https://trading.investmentsoverview.com as well as the linked advertising website https://puntoborsaai.it).
In addition, Consob ordered the blocking of 11 websites through which crypto-asset services were being provided illegally:
- “GFF612” (website https://gff612.it);
- “ADAN82” (website https://adan82.it);
- “SDS031” (website https://sds031.it);
- “YUU369” (website https://yuu369.it);
- “TYU105” (website https://tyu105.it);
- “HGJ258” (website https://hgj258.it);
- “FHD016” (website https://fhd016.it);
- “TUU158” (website https://tuu158.it);
- “DFW222” (website https://dfw222.it);
- “BNG373” (website https://bng373.it);
- “ERE316” (website https://ere316.it).
This brings the total number of websites blocked by Consob since July 2019, when the Authority was given the power to order the blocking of websites of abusive financial intermediaries, to 1,555.
The Authority has exercised the powers deriving from the ‘Growth Decree’ (Decreto crescita) to block the websites of abusive financial intermediaries, those introduced by the ‘Capital Law’ (Legge Capitali) relating to the blocking of websites used to carry out advertising campaigns for abusive intermediation platforms, as well as the powers provided for by MiCAR (EU Regulation and Legislative Decree No. 129/2024) regarding the black-out of websites through which crypto-asset services are provided to Italian savers without authorization.
The measures adopted by Consob can be consulted on the website www.consob.it. Internet service providers operating in Italy are currently working to block access to the websites. For technical reasons, it may take a few days for the block to take effect.
It is important that savers exercise the utmost diligence in making fully informed investment choices, adopting common sense behaviors that are essential for safeguarding their savings: these include checking in advance, for websites offering financial services and crypto-assets, that the operator through which you are investing is authorized and, for offers of financial products and crypto-assets, that the prospectus or white paper has been published.
Consob also draws attention to the evolution of deceptive practices that exploit the internet to steal users' money and personal data: there has been an increase in the use of new tools, such as email messages and ‘cloned’ websites, fake profiles of politicians and celebrities, and content generated using artificial intelligence systems - such as images, voices, or videos - with the aim of inducing savers to make harmful investment choices.
To this end, Consob reminds investors that its website features a section entitled “Watch for Scams!”, which provides useful information to warn investors against abusive financial initiatives.
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Published: 01/01/1970
PRESS RELEASE
Consob has ordered the blocking of 10 new websites used to conduct illegal activities: specifically, it has ordered the blocking of 3 websites offering investment services without authorization and 7 websites used to make three public offerings of financial products without a prospectus.
Below are the websites Consob has ordered to be blacked out:
- Trade Point PTY (website https://evpmarketgroup.com and related page https://client.evpmarketgroup.com);
- “Alfa Mercati” (website https://alfamercati.com and related pages https://clients.alfamercati.com and https://trading.alfamercati.com);
- Horizons28 (website https://horizons28.com and related page https://area.hz-zone.com);
- AIXA MINER CLOUD MINING INVESTMENT LTD (websites https://aixaminer.com, https://aixaminer.org and https://aixaminer.net);
- FYENERGY CRYPTOCURRENCY INVESTMENT LTD (websites https://fyenergy.com, https://fyenergy.org and https://fyenergy.net);
- “Hodlwealth” (website https://hodlwealth.org).
The number of websites blacked out since July 2019, when Consob got the power to order that the websites of fraudulent financial intermediaries be blacked out, has thus risen to 1537. The Authority has exercised the powers granted by the “Growth Decree” (“decreto crescita”) with regard to blocking the websites of abusive financial intermediaries, as well as those introduced by Law No. 8 of 28 February 2020, with regard to blocking websites through which abusive offers are made.
The measures adopted by Consob can be consulted on the website www.consob.it. The black-out of these websites by Internet service providers operating on Italian territory is ongoing. For technical reasons, it can take several days for the blackout to come into effect.
Consob draws investors' attention to the importance of adopting the greatest diligence to make informed investment choices, adopting common sense behaviors, essential to safeguard their savings: These include prior verification, for websites offering financial services and crypto-assets, that the operator through which the investment is made is authorized and, for financial and crypto-asset product offerings, that the prospectus or white paper has been published.
To this end, Consob would remind you that on the website www.consob.it there is a section on the homepage, "Watch for Scams!", providing useful information to warn investors against financially unauthorized initiatives.
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Published: 01/01/1970
Go to the page Advertising activity relating to the offer / admission to trading in Italy
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Published: 01/01/1970
PRESS RELEASE
Consob has ordered the blackout of 5 new websites promoting or providing financial services illegally.
These are the first measures adopted by the Authority in 2026 as part of its efforts to combat online financial fraud.
The Authority 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.
Below are the websites Consob has ordered to be blacked out:
- "Ccbiglobal" (website https://ccbiglobal.com and related pages https://clientzone.ccbiglobal.com and https://wt.ccbiglobal.com);
- "Torotrades24" (website https://torotrades24.com and related pages https://clients.torotrades24.com and https://trading.torotrades24.com);
- "Partners-Swiss" (website https://partners-swiss.com and related pages https://clientarea.partners-swiss.co and https://web-trader.partners-swiss.co);
- Wallwood Capital Management Limited ("Privanet Securities") (website https://privanetsecurities.com and related page https://client.privanetsecurities.com);
- "AurosAi" (website https://myauros-ai.com and related page https://account.myauros-ai.com).
The number of websites blacked out since July 2019, when Consob got the power to order that the websites of fraudulent financial intermediaries be blacked out, has thus risen to 1527.
The measures adopted by Consob can be consulted on the website www.consob.it.
The black-out of these websites by Internet service providers operating on Italian territory is ongoing. For technical reasons, it can take several days for the blackout to come into effect.
Consob draws investors' attention to the importance of adopting the greatest diligence to make informed investment choices, adopting common sense behaviors, essential to safeguard their savings: These include prior verification, for websites offering financial services and crypto-assets, that the operator through which the investment is made is authorized and, for financial and crypto-asset product offerings, that the prospectus or white paper has been published.
To this end, Consob would remind you that on the website www.consob.it there is a section on the homepage, "Watch for Scams!", providing useful information to warn investors against financially unauthorized initiatives.
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Finfluencers, ESMA issues tips for responsible conduct (Press release of 12 January 2026)
Published: 01/01/1970
PRESS RELEASE
ESMA, the European Union's financial markets regulatory and supervisory authority, has issued tips for finfluencers, or financial influencers, whose online activities can have negative consequences for their followers when the necessary precautions are not taken.
Promoting a financial product or service on social media is not the same as promoting shoes or watches, explains the factsheet published on the ESMA and Consob websites. Telling people what to invest in, or what to avoid, can be considered a form of investment advice that requires authorisation from the competent national authority. Disclaimers such as 'This is not investment advice' are not enough to protect you from the legal consequences of unauthorised promotions.
ESMA's guidance to financial influencers therefore urges them to avoid providing advice without meeting the legal requirements, not to spread misleading or reckless messages, and to declare any compensation, gifts or other benefits related to the promotion, using clear terms such as 'advertisement', 'sponsored' or 'paid collaboration', and to disclose any personal interests, for example if they already invest in the instrument being discussed.
One section is dedicated to high-risk products, such as contracts for difference (CFDs), currency trading, futures, certain crowdfunding initiatives and volatile crypto-assets. ESMA asks that untruthful or misleading communications be avoided, clearly distinguishing facts from opinions and highlighting the possibility of losing up to 100% of the capital invested. It also warns against making big promises: the risks of investing must be highlighted, not just the benefits, without creating pressure or urgency with messages such as 'get rich quick'. The Authority also stresses the need for influencers to check whether the operators they are communicating about are authorised, so as not to risk promoting scams.
Finally, among the practical suggestions for acting safely: 'Be honest and clear, do not pretend to have skills you do not have, and think before you post: if in doubt, do not do it'.
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Published: 01/01/1970
PRESS RELEASE
Consob has ordered the blocking of five illegal websites as part of its efforts to combat financial fraud. Specifically, 4 websites offering illegal investment services and activities on financial instruments have been shut down, along with 1 website advertising an unauthorized trading platform that misused the image of public figures, specifically the President of the Republic, Sergio Mattarella, and Italian companies operating in the energy sector. Consob has already taken action in the past to block websites that made illegal reference to the President of the Republic.
Below is a list of the websites that have been blocked:
- "Freetradeeuropa.com" (website www.freetradeeuropa.com and related pages https://clientarea.platform-trade247.com, https://web-trader.platform-trade247.com);
- "Safecap" (website https://safecapinv.com and related page https://client.safecapinv.com);
- "Bosonalfa-ai" (website https://bosonalfa-ai.com and page https://portal.tradingfxapp.me);
-"GlobalMarketsIC" (website https://glblmrktsic.com and related page https://cab.glblmrktsic.com and linked advertising website https://il-petrolio-italiano.it).
This brings the total number of websites blocked by Consob since July 2019, when the Authority was given the power to order the blocking of websites of abusive financial intermediaries, to 1.522.
The Authority has exercised the powers deriving from the 'Growth Decree' to block the websites of abusive financial intermediaries and those introduced by the 'Capital Law' relating to the blocking of websites used to carry out advertising campaigns for abusive intermediation platforms.
The measures adopted by Consob are available on the website www.consob.it. Internet service providers operating in Italy are currently blocking access to the websites. For technical reasons, it may take a few days for the block to take effect.
It is important that savers exercise the utmost diligence in making fully informed investment choices, adopting common sense behaviors that are essential for safeguarding their savings: these include checking in advance, for websites offering financial services and crypto-assets, that the operator through which you are investing is authorized and, for financial and crypto-asset product offerings, that the prospectus or white paper has been published.
Consob also draws attention to the evolution of deceptive practices that exploit the Internet to steal users' money and personal data: there has been an increase in the use of new tools, such as email messages and 'cloned' websites, fake profiles of politicians and celebrities, and content generated using artificial intelligence systems - such as images, voices, or videos - with the aim of inducing savers to make harmful investment choices.
To this end, Consob reminds investors that its website features a section entitled "Watch for Scams!", which provides useful information to warn investors against abusive financial initiatives.
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Published: 01/01/1970
PRESS RELEASE
Non-existent transfers of funds from foreign accounts or unfounded obligations arising from Brexit: beware of fraud attempts via fake emails with fictitious Consob addresses. The Authority has published a Warning to alert investors to fraudulent initiatives by subjects who, fraudulently posing themselves as Consob officials, send emails from email accounts in appearance linked to the Commission. Their aim is to induce investors to pay sums of money to benefit from alleged ‘debt recovery’ services or to ‘unblock’ phantom funds or crypto assets.
Furthermore, as part of its efforts to combat financial abuse, Consob has ordered the blocking of a total of 10 websites.
In particular, 6 websites that illegally provided investment services and activities on financial instruments were blacked out, as well as one website that promoted an unauthorized trading platform through the improper use of references and images of public figures known to the Italian public, specifically Prime Minister Giorgia Meloni and journalist Sigfrido Ranucci. Below is a list of the websites that have been ordered to be blacked out:
- “FXInvest” (website https://fxinvest.co and related page https://client.fxinvest.co);
- “ICCTRADES” (website https://icctrades.com and related page https://client.icctrades.com);
- “FortivestTrade” (website www.fortivesttrade.org);
- “Vorenixio” (website https://vorenixio.pro);
- “Eurotradecfd” (website https://eurotrade24-cfds.com and related page https://client.eurotrade24-cfds.com);
- Morgan Capital Ltd – “huriyettdaily.news” (website https://morgancapital.io and related page https://cfd.morgancapital.io and linked advertising website https://huriyettdaily.news).
In addition, Consob ordered the blocking of 3 websites through which crypto-asset services were being provided illegally:
- “Druvaxio” (website https://druvaxio-invest.com);
- “Lucrumiagroup” (websites https://www.lucrumiaofficial.co and https://www.lucrumiamode.co, with related pages https://wap.lucrumiaofficial.co and https://wap.lucrumiamode.co).
This brings the total number of websites blocked by Consob since July 2019, when the Authority was given the power to order the blocking of websites of abusive financial intermediaries, to 1.517.
Finally, Consob asked Apple to remove from its distribution platform in Italy the mobile app linked to ‘Eurotradecfd,’ named ‘DataShark GT’: an application through which financial services were offered illegally.
The Authority has exercised the powers deriving from the ‘Growth Decree’ to block the websites of abusive financial intermediaries, those introduced by the ‘Capital Law’ relating to the blocking of websites used to carry out advertising campaigns for abusive intermediation platforms, as well as the powers provided for by MiCAR (EU Regulation and Legislative Decree No. 129/2024) regarding the blocking of websites through which crypto-asset services are provided to Italian savers without due authorization.
The measures adopted by Consob are available on the website www.consob.it. The blocking of websites by providers is currently underway.
It is important that savers exercise the utmost diligence in making fully informed investment choices, adopting common sense behaviors that are essential for safeguarding their savings: these include checking in advance, for websites offering financial services and crypto-assets, that the operator through which you are investing is authorized and, for financial and crypto-asset product offerings, that the prospectus or white paper has been published.
Consob also draws attention to the evolution of deceptive practices that exploit the internet to steal users' money and personal data: there has been an increase in the use of new tools, such as email messages and ‘cloned’ websites, fake profiles of politicians and celebrities, and content generated using artificial intelligence systems - such as images, voices, or videos - with the aim of inducing savers to make harmful investment choices.
To this end, Consob reminds investors that its website features a section entitled “Watch for Scams!” which provides useful information to warn investors against abusive financial initiatives.