CONSOB Blacks out 5 Abusive Websites, Appoints Enrico Ajello as New Director General

CONSOB has ordered the blackout of 5 new websites that abusively offer financial services.

The Authority availed itself of the powers deriving from the "Growth Decree", on the basis of which CONSOB can order Internet connectivity service providers to inhibit access from Italy to the websites through which financial services are offered without due authorization.

Below are the websites CONSOB has ordered to be blacked out:

• ​Olympusbrokers Ltd (website www.olympusbrokers.com);

• ​Uncanny Services LLC (website https://5markets.io);

• ​Surreptitious Group LLC (website https://fincloud.life and related page https://webtrader.fn-trade.link);

• ​Combobulating Group LLC (website https://goldmar.co and related page https://webtrader.gmar.cc);

• ​"Titancfd" (website www.titancfd.com and related page https://platform.titancfd.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 754.

In addition, the regulator has appointed Enrico Ajello as its new Director General. Enrico Ajello, a graduate in Business and Economics, has gained several professional experiences, among which at Consob itself and with other entities operating in the financial sector.