Italy’s Companies and Exchange Commission (CONSOB) has issued orders to block access to five unauthorized investment websites.
In issuing the orders, the Authority made use of the powers deriving from the “Decreto crescita” (“Development Decree”, Law no. 58 of June 28, 2019, article 36, paragraph 2-terdecies), under which Consob can to order Internet service providers to block access from Italy to websites offering financial services without proper authorization.
The sites targeted by the latest orders are:
- “Global Trade Group” (website and related page
- “Tide Technologies Group” (web
- “TRETORO” (website
- FinaltoLTD Global Limited and FinaltoLTD Markets (Pty) Ltd (website and related pages and
- “Premium Capitals” (website
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 1,024.
The shutdown of these websites by ISPs operating on Italian territory continues. For technical reasons, it may take several days for the block to take effect.
Please note that some of the entities listed above may be clones, i.e. entities that misuse the details (name, logo, etc.) of authorized investment firms. In fact, clones have nothing to do with authorized businesses. If you use the services of clones, your money will not be protected.