The Commissione Nazionale per le Società e la Borsa (CONSOB), the regulator responsible for Italy’s securities market, recently announced that it has ordered the black-out of five new websites, which it claims are offering financial services illegally.
In particular, the Italian authority has ordered that the following websites be black out. The websites are:
- Capoinvest Ltd (sito internet www.capoinvestgroup.co.uk);
- Terratech Ltd (sito internet www.eufxinvest.com);
- Level Up Capital Ltd (sito internet https://trade100fm.net);
- Trade Com Limited (sito internet https://globalspotfx.com);
- Pure M Global Limited (sito internet https://realmarketbroker.com).
With the five new websites identified, the total number of websites which have been obscured by CONSOB since July of 2019 has risen to 257. The actions taken by the regulator on Thursday are part of its expanded powers to order the blackout of abusive financial intermediaries websites.
CONSOB granted new powers
Specifically, the Italian regulator found new tools to address illegal operators in the market when the “Growth Decree” extended its powers far beyond. Thanks to the decree, CONSOB can order Italian internet service providers (ISPs) to block websites in the region.
“The activities for the blackout of the said websites by the Internet Connectivity
Connectivity
Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collection. Today, financial institutions are often completely dependent on technology and data. This is more important than ever to improve, make transfers, lend, invest, and receive payments. Digital and mobile banking services also increase the level of customer convenience and accessibility. Blockchain assists with transactions, artificial intelligence helps with making smart investments, and multifactor authentication protects sensitive financial data. A blockchain is a form of connectivity, while connectivity is key to fintech disruption. Financial businesses need lightning-fast, low-latency, and secure networks to meet the challenges of fintech. A well-designed fiber-optic network offers exceptional connectivity. The superior connectivity provided by an enterprise-level fiber-optic network improves customer satisfaction, bolsters a financial organization’s reputation, and enables digital transformation through fintech. Today, connectivity providers are adapting financial markets by accelerating speedy networks such as 5G and alternatives. Connectivity also bridges brokers with liquidity providers to get fast trade execution. In this scenario, brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.
Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collection. Today, financial institutions are often completely dependent on technology and data. This is more important than ever to improve, make transfers, lend, invest, and receive payments. Digital and mobile banking services also increase the level of customer convenience and accessibility. Blockchain assists with transactions, artificial intelligence helps with making smart investments, and multifactor authentication protects sensitive financial data. A blockchain is a form of connectivity, while connectivity is key to fintech disruption. Financial businesses need lightning-fast, low-latency, and secure networks to meet the challenges of fintech. A well-designed fiber-optic network offers exceptional connectivity. The superior connectivity provided by an enterprise-level fiber-optic network improves customer satisfaction, bolsters a financial organization’s reputation, and enables digital transformation through fintech. Today, connectivity providers are adapting financial markets by accelerating speedy networks such as 5G and alternatives. Connectivity also bridges brokers with liquidity providers to get fast trade execution. In this scenario, brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.
Read this Term providers operating on the Italian territory are in progress. For technical reasons it can take a few days for making them effective,” the Italian authority said in its statement this week.
CONSOB is very active in its role of protecting Italian consumers from financial scams. As Finance Magnates reported, the regulator recently warned against five entities that are not allowed to offer financial services in Italy but continue to solicit investments from locals.
Regulators face uptick in scams amid COVID-19
The regulator’s warning comes at a time when financial authority’s are struggling with an uptick in financial scams in the wake of COVID-19. On the other side of the world in Australia, the local regulator reported a 20 per cent increase in the number of misconducts reported from March to May this year.
The Commissione Nazionale per le Società e la Borsa (CONSOB), the regulator responsible for Italy’s securities market, recently announced that it has ordered the black-out of five new websites, which it claims are offering financial services illegally.
In particular, the Italian authority has ordered that the following websites be black out. The websites are:
- Capoinvest Ltd (sito internet www.capoinvestgroup.co.uk);
- Terratech Ltd (sito internet www.eufxinvest.com);
- Level Up Capital Ltd (sito internet https://trade100fm.net);
- Trade Com Limited (sito internet https://globalspotfx.com);
- Pure M Global Limited (sito internet https://realmarketbroker.com).
With the five new websites identified, the total number of websites which have been obscured by CONSOB since July of 2019 has risen to 257. The actions taken by the regulator on Thursday are part of its expanded powers to order the blackout of abusive financial intermediaries websites.
CONSOB granted new powers
Specifically, the Italian regulator found new tools to address illegal operators in the market when the “Growth Decree” extended its powers far beyond. Thanks to the decree, CONSOB can order Italian internet service providers (ISPs) to block websites in the region.
“The activities for the blackout of the said websites by the Internet Connectivity
Connectivity
Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collection. Today, financial institutions are often completely dependent on technology and data. This is more important than ever to improve, make transfers, lend, invest, and receive payments. Digital and mobile banking services also increase the level of customer convenience and accessibility. Blockchain assists with transactions, artificial intelligence helps with making smart investments, and multifactor authentication protects sensitive financial data. A blockchain is a form of connectivity, while connectivity is key to fintech disruption. Financial businesses need lightning-fast, low-latency, and secure networks to meet the challenges of fintech. A well-designed fiber-optic network offers exceptional connectivity. The superior connectivity provided by an enterprise-level fiber-optic network improves customer satisfaction, bolsters a financial organization’s reputation, and enables digital transformation through fintech. Today, connectivity providers are adapting financial markets by accelerating speedy networks such as 5G and alternatives. Connectivity also bridges brokers with liquidity providers to get fast trade execution. In this scenario, brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.
Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collection. Today, financial institutions are often completely dependent on technology and data. This is more important than ever to improve, make transfers, lend, invest, and receive payments. Digital and mobile banking services also increase the level of customer convenience and accessibility. Blockchain assists with transactions, artificial intelligence helps with making smart investments, and multifactor authentication protects sensitive financial data. A blockchain is a form of connectivity, while connectivity is key to fintech disruption. Financial businesses need lightning-fast, low-latency, and secure networks to meet the challenges of fintech. A well-designed fiber-optic network offers exceptional connectivity. The superior connectivity provided by an enterprise-level fiber-optic network improves customer satisfaction, bolsters a financial organization’s reputation, and enables digital transformation through fintech. Today, connectivity providers are adapting financial markets by accelerating speedy networks such as 5G and alternatives. Connectivity also bridges brokers with liquidity providers to get fast trade execution. In this scenario, brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.
Read this Term providers operating on the Italian territory are in progress. For technical reasons it can take a few days for making them effective,” the Italian authority said in its statement this week.
CONSOB is very active in its role of protecting Italian consumers from financial scams. As Finance Magnates reported, the regulator recently warned against five entities that are not allowed to offer financial services in Italy but continue to solicit investments from locals.
Regulators face uptick in scams amid COVID-19
The regulator’s warning comes at a time when financial authority’s are struggling with an uptick in financial scams in the wake of COVID-19. On the other side of the world in Australia, the local regulator reported a 20 per cent increase in the number of misconducts reported from March to May this year.
