Warnings - CONSOB AND ITS ACTIVITIES
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Kbs Capital Markets Ltd (https://royaltradefx.com, pagina https://my.royaltradefx.com) - Donnybrook Consulting Ltd (www.eurofx.trade) - Investigram Ltd (www.investigram.com) - Fcs Technology Ltd (https://stockmarketinvest.pro, page https://client.stockmarketinvest.pro)
Consob has ordered the black-out of 4 new websites that offer financial services illegally.
The commission availed itself of the new 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 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:
- Kbs Capital Markets Ltd (websitehttps://royaltradefx.com and its page https://my.royaltradefx.com);
- Donnybrook Consulting Ltd (website www.eurofx.trade);
- Investigram Ltd (website www.investigram.com);
Fcs Technology Ltd (website https://stockmarketinvest.pro and its page https://client.stockmarketinvest.pro);
The number of sites 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 400.
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 behaviours, 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 authorised, and, for offers of financial products, that a prospectus has been published.
To this end, CONSOB would remind that on the website www.consob.it there is a section on the homepage “Be aware of fraud!”, providing useful information to warn investors against financially abusive initiatives.
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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:
- Kbs Capital Markets Ltd through the website https://royaltradefx.com and its page https://my.royaltradefx.com (resolution no. 21762 of 11 March 2021);
- Donnybrook Consulting Ltd through the website www.eurofx.trade (resolution no. 21761 of 11 March 2021);
- Investigram Ltd through the website www.investigram.com (resolution no. 21764 of 11 March 2021);
- Fcs Technology Ltd through the website https://stockmarketinvest.pro and its page https://client.stockmarketinvest.pro (resolution no. 21763 of 11 marzo 2021).
(Published in "Consob Informa" no. 10/2021 - 15 March 2021)