Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of five unauthorised investment websites.
In issuing the orders, 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). This piece of legislation allows Consob can to order Internet service providers to block access from Italy to websites offering financial services without the proper authorization.
The websites targeted by the latest Consob orders are:
- “First State Investments (Ireland) Limited” (website www.fsi.cm and related pages https://webtrader.fsi.cm and https://client.fsi.cm);
- “FtseInvest” (website https://ftseinvest.com and related pages https://client.ftseinvest.com…
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