Italy's CONSOB Blocks Access to Unauthorized Investment Websites

CONSOB, the Italian Companies and Exchange Commission, has ordered that access to five unlicensed investing websites be blocked.

The targeted websites include “Tcrinvest (”https://tcrinvest.net and related pages https://account.tcrinvest.net and https://trading.tcrinvest.net“),” “Interactive (”www.intr-active.com and related pages https://intr-active.solutions and https://clientportalpage.intr-active.com“),” “Capitalwealthmanagement.co (”www.capitalwealthmanagement.co and related page https://clientzone.capitalwealthmanagement.co“), BGB Partners (”https://bgbpartners.cm and related pages https://client.bgbpartners.cm and https://webtrader.bgbpartners.cm“),” and “FDXCrypto(”https://colmex247.io and related pages https://client.colmex247.io and https://webtrader.colmex247.io“).”

Decreto crescita“ (”Growth Decree; Law No. 58 of June 28, 2019, Article No. 36, paragraph 2-tendencies) governs these orders. This legislation allows CONSOB to tell Internet service providers to prohibit access from Italy to websites that provide financial services without official permission.

With these recent rulings, CONSOB's total number of blacklisted sites has risen to 1029 since July 2019. During that time, the Authority got the authority to order the banning of websites operated by abusive financial intermediaries.

Internet service providers in Italy are now blacking out certain websites. However, for technical reasons, the blockage may take several days to complete.

It is crucial to remember that some of the businesses described above may be clones, which spoof legitimate investing firms by utilizing identical names and logos. Clones are not associated with real businesses, therefore, employing their services does not protect your money.

The new CONSOB actions reflect the organization's ongoing efforts to prevent illegal financial activity and protect investors from fraud and scams.

About CONSOB

For the protection of Italian investors, the CONSOB supervises the securities market. The Italian Ministry of Economy and Finance has overseen CONSOB operations since 1974. The objectives of the financial markets in Italy are transparency, efficiency, investor confidence, and stability.

CONSOB governs stock exchanges, brokerages, investment businesses, and asset managers. It checks regulatory compliance and investigates market abuse and penalties.

You may access Consob's list of regulated brokers for decision making.