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Abusive financial services: Consob blacks out 7 abusive websites (Press Release of 3 February 2022)

Consob has ordered the blackout of 7 new websites that offer financial services/financial products illegally: 6 illegal financial intermediation websites and 1 website through which an offer of financial products is carried out in the absence of a prospectus.

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), relating to the blackout of the sites of abusive financial intermediaries, as well as of the power introduced by the Law no. 8 of 28 February 2020 (Article no. 4, paragraph 3-bis), with reference to the blackout of the site through which the abusive offer is carried out.

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

- VIGO and CO LLC e 674 LLC (website and related page;

- iam-ltd Ltd e FX Pubblications, INC (website and related page;

- "Cash Forex Group"/"Cash FX Group" (website;

- Assetgroup, Inc./"Asset Group" (website and related page;

- Donnybrook Consulting Ltd (websites, and page;

- Bit Advisory Limited (website

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 623.

The measures adopted by Consob can be consulted on the website

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 there is a section on the homepage, "Watch for Scams!", providing useful information to warn investors against financially abusive initiatives.