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CONSOB Flags Four Unregulated Brokerage Firms

by Aziz Abdel-Qader
  • CONSOB also waned against several companies ‎that ‎have been listed as trading scams by other European ‎regulators‎.
CONSOB Flags Four Unregulated Brokerage Firms
Bloomberg
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Commissione Nazionale per le Società e la Borsa (CONSOB), an ‎‎independent statutory body set up to help police Italy’s domestic securities ‎‎and futures market, has updated its blacklist with an additional four ‎brokerages ‎that have been illegally operating in the country.‎

The online brokers Safe Invest (safe-invest.co.uk)‎‏;‏‎ Plus 500 Pro ‎‎(https://plus500pro.com)‎‏;‏‎ International Banking Investigation Group ‎‎(https://www.ibig.ie), Whitestone Finance Ltd ‎www.whitestonefinanceltd.co.uk), Clone of the White Stone Finance Ltd ‎licensed company, based in Jersey, were added to the Italian regulator’s ‎warning list and CONSOB ‎recommended that Italian investors avoid trading ‎with these companies.‎

In addition, CONSOB has published a warning against a list of financial ‎entities ‎that have been listed as trading scams by other European financial ‎regulators. This is why ‎CONSOB advises Italian investors to check its ‎registers before they deposit any funds with a ‎broker, especially if the ‎related broker used aggressive marketing techniques.‎‏

The Italian regulator follows in the footsteps of other authorities in Europe ‎which have ‎recently taken serious steps to curtail unauthorized investments ‎activities and stem the flow of ‎unregulated and non-compliant companies.‎

As the public authority responsible for regulating the ‎Italian financial ‎markets, CONSOB’s main activity is ‎protecting the investing public.‎

In this respect, CONSOB is responsible for ensuring ‎transparency and ‎correct behavior by financial market ‎participants, and the disclosure of ‎complete and accurate ‎information to the investing public by listed ‎companies, ‎and Compliance with regulations. It also conducts ‎investigations concerning potential infringements of ‎insider dealing and market ‎manipulation law.‎

Commissione Nazionale per le Società e la Borsa (CONSOB), an ‎‎independent statutory body set up to help police Italy’s domestic securities ‎‎and futures market, has updated its blacklist with an additional four ‎brokerages ‎that have been illegally operating in the country.‎

The online brokers Safe Invest (safe-invest.co.uk)‎‏;‏‎ Plus 500 Pro ‎‎(https://plus500pro.com)‎‏;‏‎ International Banking Investigation Group ‎‎(https://www.ibig.ie), Whitestone Finance Ltd ‎www.whitestonefinanceltd.co.uk), Clone of the White Stone Finance Ltd ‎licensed company, based in Jersey, were added to the Italian regulator’s ‎warning list and CONSOB ‎recommended that Italian investors avoid trading ‎with these companies.‎

In addition, CONSOB has published a warning against a list of financial ‎entities ‎that have been listed as trading scams by other European financial ‎regulators. This is why ‎CONSOB advises Italian investors to check its ‎registers before they deposit any funds with a ‎broker, especially if the ‎related broker used aggressive marketing techniques.‎‏

The Italian regulator follows in the footsteps of other authorities in Europe ‎which have ‎recently taken serious steps to curtail unauthorized investments ‎activities and stem the flow of ‎unregulated and non-compliant companies.‎

As the public authority responsible for regulating the ‎Italian financial ‎markets, CONSOB’s main activity is ‎protecting the investing public.‎

In this respect, CONSOB is responsible for ensuring ‎transparency and ‎correct behavior by financial market ‎participants, and the disclosure of ‎complete and accurate ‎information to the investing public by listed ‎companies, ‎and Compliance with regulations. It also conducts ‎investigations concerning potential infringements of ‎insider dealing and market ‎manipulation law.‎

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