CONSOB Flags Four Unregulated Brokerage Firms
- CONSOB also waned against several companies that have been listed as trading scams by other European regulators.
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 Clone A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for Read this Term 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 Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term 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 Clone A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for A clone refers to a fraudulent attempt by an entity or individual to use the details of an authorized firm in a bid to convince people that they work that firm.This refers to a relatively new tactic that has seen fraudsters using the name, ‘firm registration number’, and address of firms and individuals authorized by regulators to suggest they are genuine. Clones are seemingly primitive techniques, though newly adopted by scammers that have evolved in the information era. As regulators push for Read this Term 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 Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term with regulations. It also conducts investigations concerning potential infringements of insider dealing and market manipulation law.