Tag: RoyalFX24

Spanish Regulator Warns Against Seven Illegal Financial Websites!

CNMV tamir - May 17, 2022

The Spanish regulator CNMV issued seven new warnings against websites offering regulated financial products without permission. Some of the warned scams and their operators like the unauthorized offshore broker Focus Markets LLC d/b/a Place-a-Trade or the Immediate Edge fraud campaign we know and have issued warnings in the past. We will take a closer look at the other warnings and bring detailed reports soon. It is always interesting for our research team to compare the regulators’ findings with ours. Below is the list of new warnings.

Italian Consob ordered black-out of five illegal websites

CONSOB Charlene Lensburg - November 2, 2021

On 2 November, 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 542 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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