Monday is Consob day! On 21 March 2022, and like clockwork, the Italian regulator issued orders to blackout six websites illegally offering financial services bringing the total number of websites blacked out since July 2019 to 657. Regulators in other regimes can only issue warnings against illegal providers. Consob can order Internet providers to block their websites for the Italian market. It would be desirable if other regulators were authorized by their legislators to issue such blackouts.
Below are the sites Consob has ordered to be blacked out:
- MBInvest and Nab Europe Limited with website www.mbinv.eu;
- WBI Invest with website www.wbiinvestltd.io;
- 365investimenti and 365investments with websites https://365investimenti.com and www.365-investments.com;
- Lakeshore Services OÜ d/b/a MTP with website https://mtp.expert;
- Global X Trade d/b/a GlobalX with website https://globalx-trade.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 657.
