Over the past few weeks, Pristine Group LLC, registered in St. Vincent & The Grenadines, has been active with a series of broker scams. FinFix, NvestPro, MetaversesWorld were some of them, and another Global News Trade. Today, the Spanish regulator CNMV issued a warning against Global News Trade. However, the scam broker's website and investors' money have already disappeared. Do not do business with unauthorized brokers.
On 19 May 2023, the Italian regulator Consob announced that it ordered four illegal financial websites to be blacked out. The total number of black-out orders increase to 894. The Italian financial watchdog has the authority to order ISPs to inhibit access from Italy to illegal financial websites. So far, the Italian regulator is, unfortunately, the only one in Europe with this authority.