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Watch for Scam! Abusive financial services: Consob blacks out 6 abusive websites (Press Release of 6 October 2022)

Consob has ordered the black-out of 6 new websites that offer financial services illegally.

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 sites Consob has ordered to be blacked out:

- Chartistake Markets Ltd (website https://chartistake.com and related page https://clientzone.chartistake.com);

- The Active Traders Ltd (website https://theactivetraderz.com and related page https://client.theactivetraderz.com);

- Tetris Group Ltd (website https://clydetrade.com);

- Eudaimon Consulting LLC (websites www.tradingscore.co and https://stellarfx.io);

- Bithebank (website ww.bithebank.com and related pages https://webtrader.bithebank.com and https://mobtrader.bithebank.com).

The number of sites blacked out since July 2019, when Consob got the power to order the black-out of websites of fraudulent financial intermediaries, has thus risen to 768.

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 to make informed investment choices, adopting common sense behaviors, essential to safeguard one's savings: these include, for websites that offer financial services, checking in advance that the operator with whom you are investing is authorized, and, for offers of financial products, that a prospectus has been published.

To this end, Consob would remind you that there is a section on the homepage of its website www.consob.it entitled "Watch for Scams!", providing useful information to warn investors against financially abusive initiatives.

 Press Release PDF version