CONSOB Continues to Block Fraudulent Websites

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Italy’s Companies and Exchange Commission (CONSOB) announced that it has continued to block the access from Italian territory to more unauthorized investment websites. They include: finextrader.com of Finex Group Ltd, fivemarkets.io of Uncanny Services LLC, grandtrades.eu of GrandTrade Pvt Ltd, sungerfx.com of Sungerfx Limited, and tedex.co of Vermillion Consulting LLC.

CONSOB has the right to order Internet service providers (ISPs) to deny access from Italy to websites offering financial services without proper authorization. Thus, the number of websites blocked by CONSOB since July 2019 has expanded to nearly 750. Most of these websites offer CFD trading on currency pairs and cryptocurrencies.

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