Italy’s Companies and Exchange Commission (CONSOB) has issued orders to block access to five unauthorized financial services websites.
The sites targeted by the latest orders are:
- Ghost Global Limited (website and related page
- “Di-Fi Global” and “Connect Global” (website and related page
- MT4 Market Consulting (website and related page
- “TradeIn24” (website and related pages and
- “Quintus Trade” (website www.quintustrade.com and related pages and
In issuing the orders, the Authority made use of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of 28 June 2019, article no. 36, paragraph 2-terdecies), under which Consob can order Internet service providers to block access of financial services from Italy to websites without authorization
The number of websites taken down since July 2019, when Consob was given the power to order the blocking of websites of fraudulent financial intermediaries, has risen to 1465. Last week, the regulator ordered the blocking of access to 17 unauthorized websites.
The shutdown of these websites by ISPs operating in Italy continues. For technical reasons, it may take several days for the block to take effect.