CONSOB | FinTelegram News

Category: CONSOB

August 6, 2020

CONSOB blacked out another six scam brokers

The Italian regulator CONSOB blacklisted a further seven scam brokers on 3 August 2020. This means that the brokers' websites will soon no longer be accessible for Italian customer victims. At present, the Italian watchdog is the only regulator using this sensible measure. The number of sites blacked out since July 2019 has thus risen to 268.

August 6, 2020

CONSOB blacked out another six scam brokers

July 30, 2020

Gooood Morning BaFin – it’s time to start protecting, supervising, and cybercrime fighting!

It's stunning. Before the eyes of the world public, the scandal of the DAX listed Wirecard unfolded over years while the BaFin did nothing but file complaints against investigative journalists and traders. BaFin has the legal mandate to protect the capital market and investors. Despite numerous warnings and circumstantial evidence, it has not fulfilled this mandate. BaFin must be accused of gross negligence and embezzlement.

July 26, 2020

Austrian regulator FMA warns against Joshua Group and its 10CryptoMarket scam

On 25 July 2020, the Austrian Financial Market Authority FMA issued an investor warning against Joshua Development Ltd and its new broker scam 10CryptoMarket (www.10cryptomarket.com). In the past years, the Joshua Group has operated a number of scams via various dummy companies such as Joshua Consulting Ltd, Joshua Partners EOOD, or Joshua Development Ltd. Financial market supervisory authorities have issued corresponding investor warnings against the Joshua Group.

June 10, 2020

Investor Warning – Finally, German BaFin warns against unauthorized CFD Broker CapitalGMA!

Better late than never, BaFin obviously says to itself. The German regulator issued an investor warning and a cease and desist order against the illegal CFD broker CapitalGMA (www.capitalgmafx.com) on 9 June 2020. According to the information on the scam's website, the broker is operated by Equalizer LTD (Equalizer Ltd EOOD) based in Burgas.

June 7, 2020

Financial Mail calls Cyprus the ideal turf for rip-off operators and why CySEC should change its management!

The decision of the UK regulator FCA to revoke the passporting for the CySEC regulated forex and CFD brokers Rodeler, F1Markets, Hoch Capital, and Magnum FX (Cyprus) for the UK market cannot be overestimated. Up to now, the individual EU regulators have been rather cuddly and, in the case of problems with notoriously weak regulators such as CySEC, have relied on the excuse of a lack of competence.

June 2, 2020

EU Passporting – the Regulatory Black Hole for Investor Protection

For many months, law enforcement agencies as well as regulators in different jurisdictional regimes in the EU have been investigating Rodeler Limited, F1Markets, Hoch Capital..

CONSOB

May 27, 2020

Good Job! Italian Watchdog continues to black-out scam sites

On May 25, 2020, the Italian regulator CONSOB has ordered the black-out of seven new scam sites and/or websites that offered financial services illegally. The..

Cash Cow Crypto: U.S. CFTC Enforcement Sets Records in FY 2024 with $17.1 Billion in Monetary Relief!

The U.S. Commodity Futures Trading Commission (CFTC) achieved a landmark year in FY 2024, securing over $17.1 billion in monetary relief, including $2.6 billion in civil penalties and $14.5 billion in restitution. The agency’s groundbreaking actions spanned digital asset (crypto) markets, voluntary carbon credits, and major compliance cases, highlighting its leadership in safeguarding market integrity.

U.S. DOJ’s Whistleblower Pilot Program: 250+ Tips in Just Months!

Whistleblowers are the only effective way to fight financial crime. The U.S. DOJ whistleblower pilot program has already proven effective, generating over 250 tips of potential misconduct since its launch in August, according to Principal Associate Deputy Attorney General Marshall Miller. According to a Reuters report, the initiative targets corporate malfeasance and encourages internal self-disclosure by companies.

Online Gambling: Lokinvestigation in Curaçao, its Maltese Connections, and How to Shut Down!

For many years, the far-far-away Curacao was the regulatory mecca of global online gambling. But that is over. The Lokinvestigation, spearheaded by opposition politician and forensic investigator Dr. Luigi Faneyte, reveals systemic failures and alleged corruption in Curaçao’s online gambling sector. With ties to Maltese investors and global financial networks, the report demands transparency but also carries political implications.

KTM’s Collapse: How Pierer and Blazicek Possibly Misled Investors and Profited Amid a €2.9 Billion Crisis!

The recent insolvency filing by KTM AG, Europe's largest motorcycle manufacturer, has unveiled significant managerial failures under CEO Stefan Pierer and Chairman of the Supervisory Board Josef Blasicek of Pierer Mobility AG. Despite clear indicators of financial distress, the company continued to distribute substantial dividends, misleading investors about its fiscal health. Here is an investor update on the KTM case.

Investor Briefing

Investor Briefing: Why Elon Musk’s SpaceX is valued at $350 Billion!

SpaceX, Elon Musk's private aerospace company, is reportedly in discussions to sell insider shares at a valuation of approximately $350 billion. This would be double what the company was reportedly selling shares at one year ago. In December 2023, Bloomberg reported SpaceX shares were being sold at a $175 billion valuation. Musk's closeness to Trump is apparently paying off.