08.12.2023
The Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered the black-out of 6 new websites that offer financial services illegally.
The commission availed itself of the new powers resulting from the “Decreto Crescita” (“Growth Decree”; Law no. 58 of 28 June 2019, Article 36, paragraph 2-terdecies), on the basis of which Consob can order internet service providers to block access from Italy to websites offering financial services without the proper authorisation.
Below are the sites Consob has ordered to be blacked out:
Xtbco Ltd (website https://xtbco.com and its relative pages https://client.xtbco.com and https://webtrader.xtbco.com);
FXCrue (website https://fxcrue.com and its relative pages https://webtrader.fxcrue.com and https://client.fxcrue.com);
Sgbfinancesa.io(website https://sgbfinancesa.io and its relative pages https://client.sgbfinancesa.io and https://webtrader.sgbfinancesa.io);
Ariel System (website https://arielsystem.pro);
Fxg Markets Investment (website https://fxgmarkets.com and its page https://my.fxgmarkets.com);
Link Financial Limited (website www.linkfinancialltd.com).
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 983.