Tag: Tradebaionics

Last week, the Italian regulator paused its black-out warnings. Today, Consob ordered the black-out of five illegal financial websites increasing the total number of black-out orders to 736. Against one of the scams, the Consob ordered to be blacked out FinTelegram has already issued warnings – FinCloud. All of the blocked websites are offering illegal Forex, CFD, or crypto brokerage services. It would be desirable if financial regulators in other jurisdictions were also empowered by their parliament to block access to illegal websites.

The Italian Consob ordered the black-out of five illegal financial websites increasing the total number of black-out orders to 713. Against three of the scams, the Consob ordered to be blacked out FinTelegram has already issued warnings – AGM Markets, GalanTrade, and FinexStocks. Both of them have been around for years 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.

The Latest Warnings page of the Italian regulator Consob has been down for three weeks. It came back online recently with five new black-out orders against illegally operating financial websites. Among them are Unions Markets operated by offshore entity Bodacious Consulting LLC against which FinTelegram has already issued a warning. All warnings are against illegal brokers. Below are the websites Consob has ordered to be blacked out: