CONSOB Further Adds 3 Abusive Websites Offering Financial Services to Its Blacklist
The Italian financial watchdog CONSOB has ordered the black-out of 3 new websites that offer financial services illegally, bringing the total number of websites blacked out to 930.
Below are the new websites Consob has ordered to be blacked out:
"JFD Market" (websites https://jfdtrade.net and related page https://account.jfdtrade.net);
Orionda Financials Ltd and TradeCare365 Markets Ltd (website www.tradecare365.com and related pages https://clientzone.tradecare365.com and https://webtrader.tradecare365.com);
"VirtuFinance" (website www.virtufinancialireland.com and related page ttps://webtrader.virtufinancialireland.com).
The Authority availed itself of the powers deriving from the "Decreto crescita" ("Growth Decree" Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), on the basis of which Consob can order Internet service providers to block access from Italy to websites offering financial services without the proper authorization.
The regulator explained that it can take several days for the black-out of these websites due to technical reasons.
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