CONSOB Blocks 5 New Financial Service Sites for Operating without Authorization

The Italian financial regulator CONSOB has recently ordered the blackout of 5 new websites, accusing that they are abusively offering financial services.

The websites to which the watchdog ordered Internet connectivity service providers to inhibit access from Italy include:

· Preqster Ltd (website www.pips500.com and related page https://my.pips500.com)

· Trade Action Ltd and TradeSaction Ltd (website https://tradesaction.com and related page https://accounts.tradesaction.com)

· Libortrading Ltd and LiborTC Ltd (website https://libortrading.com and related page https://client.libortrading.com)

· Astrica Ltd (website www.vipforexpro.com)

· "Orobanc" and Equal Target Ltd (website https://orobanc.com).

The number of websites shut down since July 2019, when CONSOB got the power to order that the websites of fraudulent financial intermediaries be blacked out, has thus risen to 462.

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.