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The Consob Monday – Italian Regulator orders black-out of seven financial sites

CONSOB tamir -
Monday is the Consob day. This Monday, the Italian regulator ordered the blackout of seven new websites that abusively offer financial services. Five of these websites act as financial intermediation; two sites offer financial products without the required prospectus. Unfortunately, Consob is currently the only EU regulator to take this effective measure. However, it would be desirable if more member states would create a legal basis for blocking illegal or fraudulent websites.