15.09.2022
The Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered the black-out of 5 new websites that offer financial products/services illegally.
The Authority availed itself of the powers deriving from the “Decreto crescita” (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 sites through which the abusive offer is made.
Below are the sites Consob has ordered to be blacked out:
Sungerfx Limited (website www.sungerfx.com and its page https://crm.sungerfx.com).
Uncanny Services Llc (website https://fivemarkets.io and its page https://webtrader.fivemarkets.cc).
GrandTrade Pvt Ltd (website https://grandtrades.eu and its page https://client.grandtrades.eu).
Vermillion Consulting Llc (website https://tedex.co and its page https://webtrader.tedex.cc)
Finex Group Ltd (website https://finextrader.com and its page https://accounts.finextrader.com).
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.
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 749.