Forza Italia! Consob orders black-out for five broker scam sites
Sure, scammers most likely launch a few dozen new websites every single day. Thus, closing down five per week doesn’t sound too impressive, but it’s a start. Like every week, the Italian regulator Consob announced the blackout of five new websites of illegally operating financial services providers. Consob is the only EU regulator to take this effective measure. It would be desirable if more member states would create a legal basis for blocking illegal or fraudulent websites.