« Back Printable version

Prime-Investfx Ltd (sito internet - "4FX Royal" (sito internet https://4fxroyal >.com) - GlobalFx Ltd (sito internet - Light Media Ltd (sito internet - "AJ Asset" (siti internet e - "VirtualStocks" (sito internet - UMO Finance Ltd (sito web - (Alberto Simoni)

Consob has ordered the black-out of 7 new websites that offer financial services illegally.

The commission availed itself of the powers resulting from the 'Decreto Crescita' ('Growth Decree'; Law no. 58 of 28 June 2019, article 36, paragraph 2-terdecies), on the basis of which Consob can order internet access providers to block access from Italy to websites offering financial services without the proper authorisation.

The companies and websites are listed below:

  • Prime-Investfx Ltd (website;
  • "4FX Royal" (website https://< 4fxroyal >.com);
  • GlobalFx Ltd (website;
  • Light Media Ltd (website;
  • "AJ Asset" (websites https://aj-asset.comand;
  • VirtualStocks" (website

The number of sites blacked out since July last, when Consob got the power to order blackouts, has thus risen to 161.

The measures with which the aforementioned companies were ordered to terminate the abusive activity can be viewed on the website

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 entitled "Be aware of fraud!", with useful information to warn investors against abusive operators.

The Commission has also suspended for a period of 90 days:

- the offering to the public resident in Italy of investments of a financial nature made by UMO Finance Ltd without the required authorisation, also through the website pursuant to article 99, paragraph 1, letter d) of the Consolidated Law on Finance (Resolution no. 21279 of 26 February 2020);

- advertising, through the site, linked to Mr Alberto Simoni, of the offering to the public of investments of a financial nature promoted by UMO Finance Ltd, without the required authorisations, pursuant to article 101, paragraph 4, letter b) of the Consolidated Law on Finance (Resolution no. 21280 of 26 February 2020).

* * *

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:

 (Published in "Consob Informa" no. 8/2020 - 3 March 2020)