CONSOB Flags Further Unregulated FX Brokers
- CONSOB has also published a list of firms that have been listed as trading scams by other European regulators.
La 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 Velmon Enterprise Ltd (www.novuscm.com, www.novuscmit.com), IBA Group Ltd (www.fxiba24.com), Capzone Invest Ltd (www.hqbroker.com) and Elect Capital (lect.capital) 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 Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t 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 behaviour 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 with regulations. It also conducts investigations with respect to potential infringements of insider dealing and market manipulation law.
La 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 Velmon Enterprise Ltd (www.novuscm.com, www.novuscmit.com), IBA Group Ltd (www.fxiba24.com), Capzone Invest Ltd (www.hqbroker.com) and Elect Capital (lect.capital) 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 Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t 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 behaviour 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 with regulations. It also conducts investigations with respect to potential infringements of insider dealing and market manipulation law.