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Italian Consob Orders The Black-Out Of Four Illegal Financial Websites

CONSOBIllegal Broker Activities
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Author: Ben
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Consob orders blackout for five more websites
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On 15 June 2023, the Italian regulator Consob announced that it ordered four illegal financial websites to be blacked out. The total number of black-out orders increase to 991. The Italian financial watchdog has the authority to order ISPs to inhibit access from Italy to illegal financial websites. So far, the Italian regulator is, unfortunately, the only one in Europe with this authority. Below are the websites Consob has ordered to be blacked out:

  • Softech Trades with website www.softechtrades.com;
  • FXlivestrade with website www.fxlivestrade.com;
  • Baer Group with website https://baer-group.com and page https://webtrader.baer-group.cc;
  • Ikon CFD with website www.ikoncfd-24.com.

The number of websites 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 991.

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