Italy's Companies and Exchange Commission (CONSOB) has ordered a ban on access to five new unauthorized investment websites.。

In issuing the order, the regulator used the powers conferred by the Growth Decree (Law No. 58 of June 28, 2019, article 36, paragraph 2 - TDecies), according to which Consob can order Internet service providers to block access from Italy to websites that offer financial services without the necessary authorization.。

The sites targeted by Consob's latest command are:

• “StormInvest” (website www.storminvest.org);
• “Nextgentrading” (website https://nextgentrading.io and related pages https://client.nextgentrading.io and https://webtrader.nextgentrading.io);
• “Finexleaders” (website www.finexleaders.eu);
• AI2Trade Ltd (website www.ai2trade.com and the related pages https://trading.ai2trade.com and https://panel.ai2trade.com);
• Axia Group Ltd and “Axiacvs” (website www.axiacvs.co and related pages https://client.axiacvs.co and https://webtraderapp.net).

As a result, the total number of websites blocked by Consob since July 2019 has increased to 1,013.。Last week, regulators ordered a ban on access to four unauthorized investment sites.。

Internet service providers are blocking these sites。For technical reasons, implementing the lockdown could take days。