Table of Contents:
Intervention by CONSOB against illegal sites
Recently, CONSOB made a significant decision by obscuring seven new websites that offered abusive financial services. This intervention was made possible thanks to the powers conferred by the ‘Growth Decree’, which allows the Authority to inhibit access to unauthorized platforms. The CONSOB action, led by Paolo Savona, marks an important step in the protection of investors and in the fight against online scams
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The obscured sites
The seven websites that have been obscured include names like AxiaGroup, Mirabaud Group Ltd, Zodiac Speck, Finance Advice, and Aifactor Group. With this new intervention, the total number of sites obscured by CONSOB since July 2019 has risen to 1175. This fact highlights the Authority’s constant commitment to the protection of savers and to the prevention of illegal activities in the
financial sector.
Importance of supervision for investors
CONSOB has emphasized the importance for savers to exercise the utmost caution when it comes to online investments. It is essential to verify that traders are authorized and that financial product offers are accompanied by a prospectus. Vigilance is essential to avoid falling victim to scams, which often hide behind apparently legitimate websites
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Resources for savers
To ensure greater security, CONSOB offers on its website an updated list of entities authorized to operate in the financial sector. In addition, a list of EU investment firms operating in Italy is available. These resources are essential to help investors make informed and informed choices, thus protecting their
assets.
Conclusion
In a context in which online scams are on the rise, CONSOB’s action represents a strong and clear signal. Investors must be increasingly aware and informed, using available resources to avoid falling into financial traps. Vigilance and prudence are the keys to safeguarding your savings
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