Italy’s CONSOB orders blocking of 10 unauthorized investment websites

Italy’s Companies and Exchange Commission (CONSOB) has ordered the blackout of 10 new websites that abusively offer financial services.

The latest set of orders targets the following entities:

  • Vibeinv Invest Limited (website;
  • AdmiralFX Cyprus Ltd (website;
  • AdmiralECN Cyprus Ltd (website;
  • Billion Traders Services OU (website and related page;
  • Cam Trade Ltd (website and related page;
  • Donnybrook Consulting Ltd (websites and;
  • “Globecfds” (website and related page;
  • Chambers Investment Trading Pty Ltd (website and related page;
  • Vigo and Co LLC (website

In issuing the orders, CONSOB made use of the powers deriving from the “Growth Decree” (Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-terdecies), on the basis of which the regulator can order Internet service providers to block access from Italy to the websites through which financial services are offered without due authorization.

The number of websites blacked out since July 2019, when Consob got the power to order that the websites of fraudulent financial intermediaries be blacked out, has thus risen to 532. Last week, the regulator ordered the blocking of six websites.

The implementation of the blocking of these websites by Internet service providers operating on Italian territory is ongoing. For technical reasons, it can take several days for the black-out to come into effect.

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