The Italian company and the Italian Companies and Exchange Commission (CONSOB) have issued orders prohibiting access to four unauthorized investment websites.

In issuing the orders, the regulatory authority utilized powers granted by the "Growth Decree" (Law No. 58 of June 28, 2019, Article 36, paragraph 2 - Decree), which authorizes CONSOB to order internet service providers to block websites that provide financial services in Italy without necessary authorization.

The latest batch of orders targets the following websites:

• “CFDActive” (https://cfd-active.com and related page https://client.cfd-active.com);
• “Wallstreet Euro Futures LLC” – “WSE” (https://wallstreeteuro.com and related pages https://panel.wallstreeteuro.com and https://trading.wallstreeteuro.com);
• “Primuscfd.net” (https://primuscfd.net and related page https://client.primuscfd.net);
• Crypto Services UK LTD (https://cryptosmarket.com and related page https://client.cryptosmarket.com).

Since July 2019, CONSOB has had the authority to order the blocking of websites abusing financial intermediaries, and the number of websites blocked by CONSOB has increased to 1098. Last week, the regulatory authority ordered the prohibition of access to five unauthorized investment websites.

The blockade of these websites by internet service providers operating in Italy is still ongoing. Due to technical reasons, it may take several days to implement the blockade.

CONSOB urges investors to be aware of the importance of making informed investment choices and to take common-sense measures to protect their savings: including, checking in advance whether the operators offering financial services on websites are authorized, and whether websites offering financial products have published prospectuses.