« Back Printable version

JFD Market (, pagina - Orionda Financials Ltd e TradeCare365 Markets Ltd (, pagine e - VirtuFinance (, pagina  

Consob has ordered the black-out of 3 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 authorisation.

Below are the sites Consob has ordered to be blacked out:

- "JFD Market" (website and its page;

- Orionda Financials Ltd and TradeCare365 Markets Ltd (website and its pages and;

- "VirtuFinance" (website and its page

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 930.

The measures adopted by Consob can be consulted on the website 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 notes that there is a section on the homepage of its website entitled "Watch for scams!", providing useful information to warn investors against financially abusive initiatives.

* * *

Consob also prohibited, pursuant to Article 99(1)(c) of the Consolidated Law on Finance (TUF), offers to the public of financial products concerning 'investment plans' made respectively by Finex Finance Global via the website, Goldy Deal via the website, Profitexpertsinc Ltd via the website and Luxem Capital Inc via the website (resolutions nos. 22792, 22793, 22794 and 22795 of 26 July 2023).

The offers had already been suspended by resolutions no. 22726 of 1 June 2023, no. 22698 of 11 May 2023, no. 22703 of 18 May 2023 and no 22713 of 24 May 2023).


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:

- Jfd Market through the website and its page (resolution no. 22798 of 26 July 2023);

- Orionda Financials Ltd and TradeCare365 Markets Ltd through the website and its pages and (resolution no. 22797 of 26 July 2023);

- VirtuFinance through the website and its page (resolution no. 22796 of 26 July 2023).

(Published in Consob Informa" no. 28/2023 - 31 July 2023)