Tag: Donnybrook Consulting

Spanish Regulator issues another warnings tsunami against more than 40 websites

CNMV Ben - October 4, 2021

Evidently, the Spanish regulator CNMV is apparently working around the clock to expose scams and illegal cyberfinance websites and issue warnings against them. In the previous week, the regulator issued investor warnings against more than 50 websites. This week, more than 40 websites and their operators are on the CNMV's warning list. Among them are already well-known names but also a few new ones. Some from Russia.

Consob orders blackout of six more scam broker sites

CNMV Charlene Lensburg - April 8, 2021

Actually, all EU states and their regulators should do this! The EU rules on consumer protection stipulate that the respective competent authorities must take the necessary measures to protect their citizens from Internet fraud. One of these measures is the blocking of fraudulent websites. Currently, only the Italian regulator Consob does this, based on a "Growth Decree" law from June 2019 empowering the regulator to block access to websites offering financial services without the proper authorization. On the first day after Easter, Consob blocked another six broker scams.

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