For many weeks, the Italian Consob has been announcing the blackout of websites illegally offering financial services. Most of the time, five sites are announced to be blocked. Why exactly five sites, we do not know. Like every week, the Italian regulator Consob ordered the black-out of five new websites of illegally operating financial services providers. Consob is the only EU regulator to take this effective measure. However, it would be desirable if more member states would create a legal basis for blocking illegal or fraudulent websites.
Below are the sites Consob has ordered to be blacked out:
- TradeED Group Ltd d/b/a luxeeforex ewith website https://luxeeforex.com;
- Momentum Investment Group Ent Ltd d/b/a InvestMoment with website www.invest-moment.com;
- Nab Europe Limited d/b/a NAB Europe with website www.nabeuropelimited.com;
- Uniteex Inc and Demure Consulting Ltd d/b/a UniteEx with website www.uniteex.co;
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 446.
