Warnings - CONSOB AND ITS ACTIVITIES
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Market Ltd e Propinquity Group Ltd (https://marketltd.co, page https://webtrader.marketltd.top) - Ibell Fx (www.ibellmarkets.com, page and https://crm.ibellmarkets.com) - Globecfds (www.globesfxp.com, page https://client.globesfxp.com) - Vibeinv Invest Limited (www.vibeinv-24.com) - Seventrade24 (https://seventrade24.com, page https://client.seventrade24.com)
Consob has ordered the black-out of 5 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:
- Market Ltd and Propinquity Group Ltd (website https://marketltd.co and its page https://webtrader.marketltd.top);
- Ibell Fx (website www.ibellmarkets.com and its page and https://crm.ibellmarkets.com);
- Globecfds (website www.globesfxp.com and its page https://client.globesfxp.com);
- Vibeinv Invest Limited (website www.vibeinv-24.com);
- Seventrade24 (website https://seventrade24.com and its page https://client.seventrade24.com).
The number of sites blacked out since July last, when Consob got the power to order that the websites of fraudulent financial intermediaries be blacked out, has thus risen to 725.
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 "Watch for scams!", providing useful information to warn investors against financially abusive initiatives.
(Published in "Consob Informa" no. 22/2022 - 27 June 2022)