CONSOB Orders Blackout of Eurotrade and Other 5 Websites

CONSOB has ordered the blackout of 6 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:

• ​"Eurotrade" (website https://server.eurotrade.uk.com and domain https://eurotrade.uk.com);

• "Eurotrades" (website https://eurotrades.com and domain https://client.eurotrades.com);

• Xertz Consulting LTD (website https://hastrade.pro and domain https://client.hashtrade.io);

• Surreptitious Group LLC (website https://fincloud.capital);

• "Market Gold" (website https://market-gold.com);

• ​Corsair Europe Holding B.V./ Corsair Development Company Limited (website www.corsairnow.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 616.

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 draws investors' attention to the importance of adopting the greatest diligence in order to make informed investment choices, adopting common sense behaviors, essential to safeguard their savings: these include, for websites that offer financial services, checking in advance that the operator with whom they are investing is authorized, and, for offers of financial products, that a prospectus has been published.