Tag: NewFX

Consob orders blackout for five more websitesC
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December 6, 2021

Consob Monday – Italian regulator orders black-out of five websites

Like clockwork! On 6 December 2021, Italian regulator Consob ordered the black-out of five new sites illegally offering financial services to Italian consumers. Since July 2019, the Italian watchdog has blocked 558 websites for the Italian market. Consob is currently 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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Request 4 Information Maltese boiler room operator Capital SolutionsR
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November 17, 2021

R4I – Let us know more about Maltese boiler room operator Capital Solutions

Boiler room operators the real culprits behind the scams and illegal cyberfinance activities. Some of the larger boiler room operators are located in the middle of the EU, in Malta. Most recently, we reported on ZP Services and GCC7 Services, which Israeli Israel Perel controls. Huge scams were run through these. Whistleblowers have also pointed us to Capital Solutions. This boiler room operator has been running the scam brands NewFX and DBFX a/k/a DBFX Trades, among others.
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NewFX and DBinvesting broker scams facilitated by Praxis CashierI
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August 11, 2021

Investor warning against NewFX and DBinvesting!

Spanish CNMV has recently issued an investor warning against the unauthorized broker NewFX, which actually a scam. The broker's website provides different companies as the operators. There is NEWFX Limited and then BIG HORIZONS Limited. The CNMV has also identified DBFX Limited as one of the operators. This very legal entity also operated the DBFXtrades scam, which the Italian Consob blocked in October 2020.
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