Italy’s CONSOB Orders Black Out of Five New Illegal Websites

　　The Italian Companies and Exchange Commission (CONSOB), Italys financial regulatory authority, has ordered the blacking out of five new abusive websites.

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　　On Thursday, the financial markets supervisor announced that it instructed internet service providers in the country to inhibit access from Italy to the listed websites.

　　The new five websites belong to the following companies: Olympusbrokers Limited, Uncanny Services LLC, Surreptitious Group LLC, Combobulating Group LLC and Titancfd.

　　The websites are: https://www.olympusbrokers.com, https://www.5markets.io, https://fincloud.life and related page https://webtrader.fn-trade.link; https://www.goldmar.co and related page https://www.webtrader.gmar.cc; and https://www.titancfd.com and related page https://www.platform.titancfd.com.

　　With the five new additions to blocked websites, CONSOB has now flagged down 754 illegal websites from operating in the country. The regulator received the legal power to do so in July 2019.

　　“The black-out of these websites by Internet service providers operating on Italian territory is ongoing. For technical reasons, it can take several days for the black-out to come into effect,” CONSOB explained.

Clamp Down in the Last Five Months

　　In the last five months, CONSOB has blocked at least 28 websites offering financial services in Italy without being authorized to do so.

　　In May, the commission ordered the blackout of 10 illegal websites, five early in the month and another five at the month's end.

　　At the beginning of May, the websites that were flagged down belonged to GrouPolo LTD, Globalinvestous, Ingenue Consulting LLC, Bodacious Consulting LLC and Tradebaionics.

　　Those of Tetris Group Ltd, Bitaroma, Finomarkets, ETA Ltd and Invest Union Limited, were subsequently flagged at the month's end.

　　In June, seven 'abusive' websites were blacklisted. These websites belong to: Tetris Group Limited (https://www.battletrade.io), Eudaimon Consulting LLC (https://www.aceinvest.co), FTI Finance (https://www.ftifinance.com), and Dlfinindex Limited (https://www.dolfinindex.com with a related page: https://www.client.dolfinindex.com).

　　The others were: Promarketing Limited (https://www.greencapitalz.com with related page https://www.platform.greencapitalz.com), Global Success Management Inc (https://www.globalsuccessmanagement.com) and GIG-OS (https://www.gig-os.com).

　　In June, the Italian market supervisor added six websites and in July five more to the list.

　　The platforms blacklisted in June were Lilac Group LLC, MB Invest, BTCoin Group, Levelprofit and Alphafxprime.

　　Those flagged in July include Alphapro FX, Eurofxsecurities Limited, The Active Traders Limited, Promarketing Limited and Enercom AG.