The Italian financial regulator, Consob, has ordered the shutdown of four websites for offering unauthorized financial services. The affected companies include FCapital24, Multibank Group, Stocket, and TGFInvest. Consob has directed internet service providers to block access to these websites.
Consob’s Continued Efforts Against Illegal Services
The companies behind the blocked websites operate the domains fcapital24.org, multibankfx.com, stocket.me, www.tgfinvest.com, and my.fxmt.tech/platforms. Since 2019, Consob has taken down a total of 1,134 websites providing illegal financial services, following the regulator’s expanded authority to block such sites.
Earlier this year, Consob blacklisted five additional websites suspected of offering illicit financial services. This included platforms such as FCapital24 (fcapital24.com), Future Invest Limited, and LevictousLTD.com, among others.
Increased Regulation in Emerging Sectors
Consob has also strengthened its oversight in the retail proprietary trading sector. The regulator warned the public about the risks of online prop trading simulations, which often lure users into real trading with firm-provided capital. Investors are encouraged to stay vigilant and verify the legitimacy of financial service providers to avoid scams.