Italy’s Consob Orders Blocking of 13 Websites for Unauthorised Investment Services

The Italian financial regulator, Consob, has ordered the blocking of 13 new websites offering investment services without the required authorisation. The action forms part of the Authority’s ongoing supervisory efforts to combat online financial abuse and safeguard retail investors from unlawful operators targeting the Italian market.

The websites were found to be providing investment services in breach of the Consolidated Law on Finance, without holding the necessary licence to operate in Italy. Exercising the powers conferred under the “Growth Decree” (Law No. 58 of 28 June 2019, Article 36, paragraph 2-terdecies), Consob instructed Internet service providers to block access to the abusive platforms.

With the latest measures, the total number of websites blocked by Consob since July 2019 has risen to 1,570. Internet connectivity providers operating in Italy are in the process of implementing the blackouts; for technical reasons, it may take several days before the blocking becomes fully effective.

The Authority reiterates the importance of exercising utmost diligence when making investment decisions. Investors are urged to verify in advance that any intermediary offering financial or crypto-asset services is duly authorised and that any public offering of financial products is supported by a published prospectus or white paper where required.

Entity	Website	Screenshot
Taidy Trade SA – “SteTrading”	https://stetradingonline.com
Fino Glob	https://finoglob.com https://my.finoglob.com
ValorixAI	https://valorixai.it https://valorixai-it.fyi
Rer221	https://rer221.it
Cdx818	https://cdx818.it
78Yzb	https://78yzb.it
Uiu258	https://uiu258.it
M1gqv	https://m1gqv.it
Dfh226	https://dfh226.it
Yuy257	https://yuy257.it
Fgd326	https://fgd326.it
AsdD952	https://asd952.it
Aes332	https://aes332.it