On 20 June 2022, Italian regulator Consob ordered the black-out of seven illegal financial websites increasing the total number of black-out orders to 720. Against three of the scams, the Consob ordered to be blacked out FinTelegram has already issued warnings against some of the operators – Tetris Group, Eudaimon Consulting, and FX Publications. 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.
Below are the sites Consob has ordered to be blacked out:
- Fti Finance with website www.ftifinance.com;
- Fx Publications, Inc and Dolfinindex Ltd with website https://dolfinindex.com;
- Promarketing Ltd with website https://greencapitalz.com;
- Global Success Management Inc., Be Free Ltd, Imperial System Ltd EOOD, and Ivory Dunes Limited with websites https://globalsuccessmanagement.com and www.gig-os.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 720.
