09.06.2023
The Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered the black-out of 4 new websites that abusively offer financial services/financial products: 3 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:
Prime Markets (website https://primemarkets.co.com and page https://my.primemarkets.co.com);
Fintech Market (website www.fintechmarket.consulting
and its page https://cfd.fintechmarket.consulting);
Nadex CFD Limited (website www.nadexcfd.com and its pages https://my.nadexcfd.com and https://webtrader.nadexcfd.com);
Luxem Capital, Inc. (website https://luxemcapital.com).
The number of sites blacked out since July 2019, when Consob was given the power to order the black-out of websites of fraudulent financial intermediaries, has thus risen to 898.
The measures adopted by Consob can be consulted on the website www.consob.it.