Italian Watchdog Consob orders blackout of five illegal brokers
The Italian regulator Consob has blocked five websites of illegally operating financial service providers again this week. This brings the number of websites blocked since this regulation was introduced in July 2019 to 410. It should be noted that the EU directives basically impose on each member country the obligation to take action against illegal and/or fraudulent websites. Currently, Consob is, unfortunately, the only EU regulator acting with black-out orders.