Italy’s CONSOB Blocks More Unauthorized Firms

The Financial Commission / Regulatory Actions / Italy’s CONSOB Blocks More Unauthorized Firms

Italian financial regulator Commissione Nazionale per le Società e la Borsa (CONSOB) announced the blocking of more unauthorized firms as part of its well-established campaign of protecting investors from scams and possible fraud related to online brokerages and trading.

The regulator announced that the following companies have been blocked in Italy by local Internet Service Providers (ISPs) as part of the ‘Growth Decree’ enacted since the summer of 2019:

  • Digital Exchange Limited and Securex Plus Solutions EOOD (website;
  • GrahamFE FinServices LTD and Elit Property Vision LTD (website; Brokermasters Ltd (website;
  • Raw Trading Ltd (website;
  • Fintech Software Inc, Oproserv Limited, Leadernet OU (website

The total number of firms already blocked by CONSOB, including the companies listed above now stands at over 300, highlighting the scope of the problem that both online brokerages and regulators are dealing with. Traders are always encouraged to check their broker prior to opening a trading account to make sure they understand all the risks. Check Your Broker today!

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