self-styled credit recovery companies
Flagged by Commissione Nazionale per le Società e la Borsa · Italy (ITA)
Official Warnings (1)
The Commissione Nazionale per le Società e la Borsa (Consob) recording a significant increase in the number of reports relating to the self-styled credit recovery companies that, even falsely stating to be authorised by CONSOB, offer potential customers the possibility of obtaining, for a fee, the refund of sums of money already invested through entities illegally operating as financial intermediation companies, points out
that no entity is authorised by CONSOB to undertake credit recovery on behalf of investors who have suffered financial losses by operating with companies not authorised to provide investment services and activities.
In this regard, investors are advised to be very careful considering that these credit recovery schemes and similar activities could conceal deceptive operations aimed at taking possession of any money conferred.
Other Flagged Firms (ITA)
This information is sourced from IOSCO I-SCAN and official financial regulators. Inclusion in this database does not necessarily mean the firm has committed fraud - it may indicate they are not authorized to operate in a specific jurisdiction. Always verify directly with the relevant regulator before making investment decisions.