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

Of the six, five are illegal financial intermediary websites and one is a website that offers financial products without a prospectus.。

In issuing these orders, CONSOB took advantage of the powers granted by "Decreto crescita" (Law No. 58 of June 28, 2019, "Growth Decree," article 36, paragraph 2 - Decreto crescita).。36, paragraph 2-tdecies), which involves the closure of websites that abuse financial intermediaries, and the power conferred by Article 4, paragraph 3 bis of Law No. 8 of February 28, 2020, and Article 4, paragraph 3 bis of Law No. 8 of February 28, 2020 The power provided for in Article 4, paragraph 3 bis, that is, to close websites that illegally provide services。

The sites targeted by the latest command are:

• “Marketsac” (website https://marketsac.ltd and related page https://platform.marketsac-tp.ltd);
• “FCapital24” (website https://fcapital24.de);
• “FX Future Trading” (website www.fxfuturetrading.com and related pages https://account.fxfuturetrading.com and https://webtrader.chartcandl.com);
• “UfinaCapital” (website https://ufinacapital.cc);
• “Mercantiles” (website www.mercantiles.org);
• “Optimal Yield Limited” (website www.optimalyieldltds.com).

Since July 2019, when the National Securities and Exchange Commission had the power to order the closure of websites of fraudulent financial intermediaries, the number of websites shut down has increased to 1,019.。Last week, regulators ordered the blocking of five unauthorized investment sites.。

Internet service providers operating in Italy are blocking the sites, which could take days to implement for technical reasons.。