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Evergo Ltd - Trade Action Ltd - Nab Europe Limited - Fx24 Investment Ltd - Prim Global Reach Ltd - PrimeATrade Limited - Fx Publications Inc. 

Consob has ordered the black-out of 10 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:

  • Evergo Ltd (website www.4x-trade.com and its page https://client.tradefiled.com);
  • Trade Action Ltd (website https://trades-action.com and its page https://accounts.trades-action.com);
  • Nab Europe Limited (website www.nabinv.com);
  • Fx24 Investment Ltd (website www.fx24.live and its page https://my.fx24.live);
  • Prim Global Reach Ltd - PrimeATrade Limited - Fx Publications Inc. (website https://primaatrade.com and its page https://client.primaatrade.com);
  • Fantex (website https://www1.fantex.co, URL https://fantex.co and its page https://webtrader.fantex.co);
  • "Cfxdtrade Limited" and "Handelfx" (website https://cfxdtrade.com);
  • Aca-Asset Limited (website https://2amltd.com and its page https://accounts.2amltd.com);
  • Mellifluous Group Ltd (website https://neoomatic.co and its pages https://webtrader.neoomatic.co and https://client.neoomatic.cc);
  • Wirexinvest Invest Ltd and Wirex Uab (websitewww.wirexinvest.com).

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 495.

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 you that there is a section on the homepage of its website www.consob.it entitled "Be aware of fraud!", providing useful information to warn investors against financially abusive initiatives.

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Consob also prohibited, pursuant to article 99, paragraph 1, letter c) of Legislative Decree no. 58/1998 (Consolidated Law on Finance):

- the offer to the public of financial products promoted by Bolton Holding Limited and Bolton First Credit Limited, also through the website www.bfclcoin.com, in violation of article 94-bis of the Consolidated Law on Finance (resolution no. 21972 of 28 July 2021). The offer had already been suspended by resolution No. 21854 of 19 May 2021;

-the offer to the public of financial products promoted by Niwix Limited, also through the website www.niwix.org, in violation of article 94-bis of the Consolidated Law on Finance (resolution no. 21973 of 28 July 2021). The activity had already been suspended with Resolution No. 21853 of 19 May 2021.

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Consob has ordered the following 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. 30/2021 - 2 August 2021)