27.10.2022
The Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered the black-out of 6 new websites that abusively offer financial services/financial products: 5 abusive financial intermediation sites and 1 site 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:
“PX Fintech Limited” (website www.first-tradecfd.com and its pages https://my.first-tradecfd.com and https://webtrader.first-tradecfd.com);
“Alphafxprime” (website https://www.alphaprimefx.co);
“Titancfd” (website www.titan-cfd.com and its pagehttps://platform.titan-cfd.com).
“BB360.market EU Limited” (website https://bb360.market);
“Winnex Consulting” (website www.winnexconsulting.com and its page https://client.winnexconsulting.com).
Uefa Football Fund Ltd (website https://uefa2017.com and its page https://www.2016uefa.com).
In particular, it should be noted that the illegal offer to the public of financial products made through the website https://uefa2017.com and its page https://www.2016uefa.com is potentially particularly insidious, given that it involves using the name of an entity that organises well-known international football competitions.
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 774.
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.