Italy’s Companies and Exchange Commission (CONSOB) has issued orders to block access to five unauthorized investment websites.
The sites targeted by CONSOB orders are:
- “Marketsac.eu” (website and related page
- “TopTierCapital” (website www.toptiercapital.org);
- “Top Markets LTD” (website www.vantagecfd.com and related page
- “CryptosMarket” (site
- “GMT Brokers Ltd” (website and related page
The number of websites taken down since July 2019, when Consob was given the power to order the blocking of fraudulent financial intermediary company websites, has risen to 1,089. Last week, the regulator ordered the blocking of access to five unauthorized websites, including those operated by SeguroFX and Sigma Capital.
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.
Consob draws the attention of investors to the importance of adopting greater diligence in order to make informed investment choices, adopting common sense behaviors necessary to safeguard their savings: these include, for websites offering financial services, the prior checking of operator with whom they are authorized to invest and, for financial product offerings, a prospectus has been published.