Italian Consob orders blackout of five new broker scams
Consob now announces almost every Monday the blackout of websites of illegally operating providers of financial services. This makes the Italian financial market supervisory authority the only EU regulator to take this effective measure. For consumer protection in the EU, it would be desirable if more member states would create a legal basis for blocking illegal or fraudulent websites. Today, the Italian watchdog announced that it ordered the black-out of five new websites that offer financial services illegally.