CONSOB Blocks Access to 13 Unauthorized Investment Websites

Italys financial markets regulator, CONSOB (Commissione Nazionale per le Società e la Borsa), has taken new enforcement action against unauthorized online investment operations by ordering the blocking of 13 websites found to be offering financial or crypto-related services without proper authorization.

This latest action is part of CONSOBs ongoing efforts to combat illegal financial intermediation and protect retail investors in the country.

Websites Targeted by the Latest Order

The newly blacklisted domains include a mix of fraudulent investment platforms, unauthorized crypto service providers, and websites using misleading branding. The affected entities are:

• CaptinCapital – www.captincapital.org
• Mercato del Futuro – https://mercatodelfuturo.com and subdomains
• Sector-Fusion – www.sector-fusion.com and https://webtrader.w1e2b3tr4d3r.com
• 3Afund – www.3-afund.com
• Cfw896 – https://cfw896.it
• Lumex – https://stratoslumex.com and https://stratoslumex.net
• Tmxa – https://60yg.com
• Uyr968 & Fwq367 – https://uyr968.it and https://fwq367.it
• Syk755 – www.syk755.it
• Pxm266 – https://pxm266.it
• GenixLimited – https://genixlimited.com

According to the authority, these websites were operating in violation of Italian law by offering investment or cryptoasset services to local residents without being properly registered or authorized under EU or national regulations.

Legal Framework and Regulatory Tools

CONSOB exercised its power under Article 36 of Italys Growth Decree (Law No. 58/2019), as well as powers introduced by Law No. 8/2020 and MiCAR Regulation (EU 2023/1114). These legal provisions empower the regulator to request Internet Service Providers (ISPs) to block access to sites found to be illegally targeting Italian investors.

Since July 2019, when these powers were granted, CONSOB has blocked 1,349 websites linked to unauthorized or fraudulent financial activity.

The blocking orders have been forwarded to Internet providers in Italy. However, CONSOB notes that it may take several days before full implementation is completed due to technical processing times.

WikiFX Reminder

Investors are advised to always verify whether a broker or platform is properly licensed before investing. You can use WikiFXs regulatory check tools to confirm authorization status and avoid potential scams.