Abusive financial services: exceeded the threshold of 500 websites blacked out by Consob (Press Release of 17 September 2021)

Abusive financial services: exceeded the threshold of 500 websites blacked out  by Consob

The number of websites blacked out by Consob has been risen to over 500 in just over two years, since July 2019 when the Supervisory Authority obtained the interdiction power aimed  to prevent  abusive financial services.  With the last 10 new websites obscured  the number of websites blacked out has thus risen to 505.

The Authority availed itself of the powers deriving from the "Growth Decree" (Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), on the basis of which Consob can order Internet connectivity service providers to inhibit access from Italy to the websites through which financial services are offered without due authorization

Below are the websites Consob has ordered to be blacked out:

- Dzikanta Limited (website https://euromts.uk);

- Felicity Group Ltd (website https://unionstock.cc);

- GS4trade Invest Limited (website https://gs4trade.com);

- "Capitrades" (website https://capitrades.com and related page https://secure.capitrades.com);

- FUNDIZA Ltd (website www.fundiza.com);

- Plus CFD Ltd (website https://pluscfd.co and related page https://accounts.pluscfd.co);

- "Medica Trade" (website https://medicatrade.cc and related page https://client.medicatrade.cc);

- Nata Trade Limited (website www.nata-trade.com and page https://webtrader.preminvtradplatform.com);

- Eu Investments Limited e James Long (Masons) Limited (website https://eu-investings.com and related page https://client.eu-investings.com);

- "DevTech Holding" (website www.capital-swiss.com and related page https://clientarea.capital-swiss.com).

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 black-out to come into effect.

Consob draws investors' attention to the importance of adopting the greatest diligence in order to make informed investment choices, adopting common sense behaviors, essential to safeguard their savings: these include, for websites that offer financial services, checking in advance that the operator with whom they are investing is authorized, and, for offers of financial products, that a prospectus 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 abusive initiatives.

 Press Release in  PDF