CONSOB Continues to Block New Illegal 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: allfinagroup.pro of Bright Group LLC, brokercreditserviceltd.net of BrokerCreditServiceLtd.net, cmstrategy.io of CMS Ltd, olympusbrokers.io of Olympusbrokers Ltd, and unicofx.co of Unico Aust Pty Ltd.

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 825. Most of these websites offer CFD trading on currency pairs and cryptocurrencies.

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