Warnings - CONSOB AND ITS ACTIVITIES
Ace Capital Ltd (www.ftefxpro.com) - Ks-securities (www.ks-securities.com) - ''Local Trader'' and "LibraMarkets" (www.localtrader.app/?lp=10, www.libramarkets.com) - RMT 500 Ltd (www.rtm500.com) - Tradepoint Systems Ltd(www.atlantika.io) - RL Ltd (www.royaltd24.com)
Consob has ordered the black-out of 7 new websites that offer financial services illegally.
The commission used the tools provided in the "growth decree" (Law no. 58 of 28 June 2019, article 36, paragraph 2-terdecies), which gave Consob the power to order internet service providers to block access from Italy to websites offering financial services without due authorisation.
The companies and websites are listed below:
- Ace Capital Ltd (www.ftefxpro.com);
- Ks-securities (www.ks-securities.com);
- "Local Trader" and"LibraMarktes" (www.localtrader.app/?lp=10, www.libramarkets.com);
- RMT 500 Ltd (www.rtm500.com);
- Tradepoint Systems Ltd (www.atlantika.io);
- RL Ltd (www.royaltd24.com).
The number of sites blacked out since July last, when Consob got the power to order blackouts, thus rises to 124.
The measures with which the aforementioned companies were ordered to terminate the abusive activity can be viewed on the website www.consob.it..
The black-out of these websites by internet service providers operating on the Italian market 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 paying the utmost attention in order to make informed investment choices, focusing on those common sense behaviours - such as, for example, checking that the operator with whom you are investing is authorised - that are essential if you really want to safeguard and, hopefully, see a return. To this end, Consob would remind you that there is a section on the homepage of its website www.consob.it entitled "Be aware of fraud!", with useful information to warn investors against abusive operators.
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Consob has ordered the same subjects to cease the violation of Article 18 of Legislative Decree no. 58 of 24 February 1998, pursuant to article 7-octies, letter b) of the same legislative decree:
Ace Capital Ltd through the website www.ftefxpro.com (Decision no. 21222 of 23 January 2020).
KS-securities through the website www.ks-securities.com (Decision no. 21223 of 23 January 2020);
"Local Trader" and "LibraMarkets" through the websites www.localtrader.app/?lp=10 and www.libramarkets.com (Decision no. 21220 of 23 January 2020);
RMT 500 Ltd through the website www.rtm500.com (Decision no. 21225 of 23 January 2020);
Tradepoint Systems Ltd through the website www.atlantika.io (Decision no. 21221 of 23 January 2020);
RL Ltd through the website www.royaltd24.com (Decision no. 21224 of 23 January 2020).
(Published in "Consob Informa" no. 32020 - 27 January 2020)