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Italy’s Consob blocks 4 more unauthorised firms

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Italy’s Consob blocks 4 more unauthorised firms



These platforms provide high-risk investments such as foreign exchange instruments and contracts for difference (CFDs).

SolidXM is suspected to be a scam because there are no details about the company that runs the platform available on the website. Pelliron, which claims to be registered under Saint Vincent and the Grenadines, provides a UK telephone number on its site. This suggests that the company targets UK traders.

NewFX says it is registered in Delaware. Despite this, it does not appear that the company has any licenses. FX Alta claims that it is regulated by Malaysia. The Canadian Manitoba Securities Commission, however, issued a warning about it earlier this year.

Consob can block websites providing illegal financial services by internet service providers.

The regulator said:

Internet service provider operating in Italy are still blocking these sites. The black-out can take up to several days due to technical reasons.

The post Italy’s Consob blocks 4 more unauthorised firms appeared first on LeapRate.



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