Allianz Capital Ltd, WebNet Ltd, "Cleavesecurities", Game Capital Ads Limited, BC Profit2019, Terratech Ltd, Dubai FXM Ltd, “VirtualStocks”, “RoyalFunds”, Lctrade Ltd, Arrow Capital Ltd

CONSOB has ordered the black-out of 16 new websites that offer financial services illegally.
The commission availed itself of the powers resulting from the ‘Decreto Crescita’ (‘Growth Decree’; Law no. 58 of 28 June 2019, article 36, paragraph 2-terdecies), on the basis of which Consob can order internet access providers to block access from Italy to websites offering financial services without the proper authorisation.
The companies and websites are listed below:
- Allianz Capital Ltd (www.capitalallianze.com);
- WebNet Ltd (www.2dots.it);
- “Cleavesecurities” (www.cleavesecurities.com);
- Game Capital Ads Limited (www.welttrades.com and www.it.welttrades.com);
- BC Profit2019 (www.bcprofit2019.com);
- Terratech Ltd (www.swissfingroup.com);
- Dubai FXM Ltd (www.dubaifxm.trade and www.dubaifxm.trading);
- “VirtualStocks” (www.virtualstocks.co and www.virtualstocks.cc);
- “RoyalFunds” (www.royalfunds.co and www.royalfunds.cc);
- Lctrade Ltd (www.lctrade.net);
- Arrow Capital Ltd (www.lvgrowmarkets.com and www.partners.lvgrowmarkets.com).

The number of sites blacked out since July last, when Consob got the power to order blackouts, thus rises to 117. The measures with which the aforementioned companies were ordered to terminate the abusive activity can be viewed on the website www.consob.it.
The black-out of these websites by internet service providers operating on the Italian market is ongoing. For technical reasons, it can take several days for the black-out to come into effect.