Warnings - CONSOB AND ITS ACTIVITIES
Warnings
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Activ4X (https://www.activ4x.com, pages https://client.activ4x.com and https://trade.activ4x.com) - VirtuFinance (virtufinancial.eu, page https://webtrader.virtufinancial.eu) - XTB Empire Ltd (https://xtbempire.com, page https://client.xtbempire.com) - Goldy Deal (goldydeal.com) - Gold Crown Mining Limited (goldcrownminingltd.com)
Consob has ordered the blackout of 4 new websites that abusively offer financial services/financial products: 3 abusive financial intermediation websites and 1 website through which financial products are offered without a prospectus.
The Authority availed itself of the powers deriving from the "growth decree" (Law no. 58 of 28 June 2019, article 36, paragraph 2-terdecies) regarding the blackout of the sites of abusive financial intermediaries, as well as the power introduced by Law no. 8 of 28 February 2020, article 4, paragraph 3-bis, regarding the blackout of the website through which the abusive offer is made.
Below are the sites Consob has ordered to be blacked out:
- Activ4X (website https://www.activ4x.com and its relative pages https://client.activ4x.com and https://trade.activ4x.com);
- VirtuFinance (website www.virtufinancial.eu and its page https://webtrader.virtufinancial.eu);
- XTB Empire Ltd (website https://xtbempire.com and its page https://client.xtbempire.com);
- Goldy Deal (website www.goldydeal.com).
The number of sites blacked out since July 2019, when Consob got the power to order the black-out of websites of fraudulent financial intermediaries, has thus risen to 890.
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 “Watch for scams!”, providing useful information to warn investors against financially abusive initiatives.
Consob has also:
- suspended, as a precautionary measure, for a period of 90 days, the activity of offering to the public residing in Italy concerning "Investment Plans" by Goldy Deal, including via the website www.goldydeal.com (resolution no. 22698 of 11 May 2023).
- the activity of offering financial investments to the public residing in Italy, set up by Gold Crown Mining Limited via the website www.goldcrownminingltd.com is prohibited (resolution no. 22697 of 11 May 2023). The activity had already been suspended, for a period of 90 days, by resolution no. 22598 of 14 February 2023.
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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:
- Activ4X via the website https://www.activ4x.com and its pages https://client.activ4x.com and https://trade.activ4x.com (resolution no. 22693 of 11 May 2023);
- VirtuFinance via the website www.virtufinancial.eu and its page https://webtrader.virtufinancial.eu (resolution no. 22695 of 11 May 2023);
- XTB Empire Ltd via the website https://xtbempire.com and its page https://client.xtbempire.com (resolution no. 22694 of 11 May 2023).
(Published in Consob Informa" no. 17/2023 - 15 May 2023)