Tag: Globecfds

Consob Monday: Italian Regulator Ordered Black-Out Of 5 Websites!

CONSOB Ben - June 27, 2022

The Italian regulator Consob ordered the black-out of five illegal financial websites increasing the total number of black-out orders to 725. Against three of the scams, the Consob ordered to be blacked out FinTelegram has already issued warnings – GlobeCFDs, Market Ltd, and VibeInv 24. They have been around for some time already and received warnings from different financial market regulators! It would be desirable if other regulators were also empowered by their parliament to block access to illegal websites.

Consob orders black-out of 10 illegal financial websites!

CONSOB tamir - October 20, 2021

On 18 October 2021, Italian regulator Consob ordered the black-out of ten new sites illegally offering financial services to Italian consumers. Since July 2019, the Italian watchdog has blocked 532 websites for the Italian market. Consob is currently, unfortunately, the only European regulator that has this power in regulatory enforcement. It would be desirable if other jurisdictions also gave their regulators such authorization to fight scams more efficiently.

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