Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of access to five unauthorized investment websites.
In issuing the orders, the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of 28 June 2019, Article no. 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 authorization.
The websites targeted by the latest orders are:
- “Global Trade Group” (website https://global-trade-group.com and related page https://cfd.global-trade-group.com);
- “Tide Technologies Group” (website https://tidetechnologiesgroup.world);
- “TRETORO” (website https://tretoro.co);
- FinaltoLTD Global Limited and FinaltoLTD Markets (Pty) Ltd (website https://finaltoltd.com and related pages https://client.finaltoltd.com and https://trade.finaltoltd.com);
- “Premium Capitals” (website https://premiumcptls.co).
The number of websites blacked out since July 2019, when Consob got the power to order that the websites of fraudulent financial intermediaries be blacked out, has thus risen to 1024.
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 blocking to be implemented.
Please note that some of the above-listed entities may be clones, that is, entities that abuse the details (name, logo, etc) of authorized investment firms. In fact, clones have nothing to do with the authorized businesses. If you make use of the services of clones, your funds will not be protected.
