On 29 November 2021, Italian regulator Consob ordered the black-out of six new sites illegally offering financial services to Italian consumers. Since July 2019, the Italian watchdog has blocked 553 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.
Below are the sites Consob has ordered to be blacked out:
- Vibeinv Invest Limited with website www.vibeinv24.com;
- Prim Global Reach Ltd – Primeatrade Limited – FX Publications Inc. with website https://primea-trade24.com;
- Fundiza LTD with website www.fundiza.org;
- Swissqb247 with website www.swissqb247.net;
- Magna Emporium Group Ltd with website https://fxmagna.com.
The number of sites blacked out since July 2019, when Consob got the power to order that the websites of fraudulent financial intermediaries be blacked out, has thus risen to 553.
