Italy’s Financial Markets Regulator CONSOB Warns of Cheshire Capital Ltd.

CONSOB warns of a binary options firm after a number of FX-related warnings.

Italy’s financial markets regulator, the Commissione Nazionale per le Società e la Borsa (CONSOB), today published a warning against Cheshire Capital Ltd. stating that the firm is not authorized to provide its investment services or activities in Italy. CONSOB added that the warning includes the company’s website, as per an official statement from the regulator.

The news follows just two days after CONSOB issued an update of warnings against a number of investment firms including forex-related entities, and following prior warnings from other regulators across Europe and other parts of the globe including the Americas and Asia for 27 entities.

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Recent CONSOB warnings

On Monday of this week, CONSOB’s warning against those 27 entities included: E-transact Worldwide Limited, Sterling Consultancy Options, Banco Fx, Simple Finance, Novus Capital Management, Cannon Corporate Consultants, Epic Loans Tfx Traders, Tokai Global Trading, Gruber & Taylor Co (Usa), St. World Trade Inc. TradeFxi Forex Inc., and Nkfx Holdings Inc.

CONSOB noted an additional 14 names of the 27 on its list on Monday: Lexington Investment Capital Inc., -TradeFXA Limited, XPMarkets Ltd., Citco Trust Corporation Ltd., European Union National Clearance Agency, Mizuho Corporate Global, SheldenAssociates, Ephraim Global, Sbma Investment, Keiyo Asset Management, Apex Equities,,, and Athos International Management.

The news follows as the Australian Securities and Exchange Commission (ASIC) is making progress on its crackdown of unauthorized binary options providers in Australia, as covered by Finance Magnates today in a related post.

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