Tag: InvestActive

Italian CONSOB blocks another six scam broker sites

Compliance Charlene Lensburg - October 28, 2020

The Italian watchdog CONSOB is currently the only regulator in the EU with the approach to blocking the websites of scams and unauthorized financial service providers. This is intended to protect Italian consumers and retail investors by making illegal financial products inaccessible. A few days ago, CONSOB blocked another six sites, and thus since July 2019 already 312.

BaFin issues cease and desist order against TheCapitalStocks and RoyaltyFinance

BaFin Charlene Lensburg - September 26, 2020

The German regulator BaFin has warned against the broker scams TheCapitalStocks (www.thecapitalstocks.com) and RoyaltyFinance (www.royaltyfinance.io) which are allegedly operated by Kleinman Enterprise Ltd in St. Vincent & the Grenadines. Already in August 2020, the Italian CONSOB warned against these scams. Both are white label solutions of the Bulgarian Global CRM Solution Platform.

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