Retiree loses over RM337,000 in Facebook investment scam
Authorities warn public to verify financial transactions as pensioner duped by fake online investment
Original
Global Broker Regulatory Inquiry Platform
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
CONSOB Has Taken Down Two Websites For Offering Abusive Financial Services
Abstract：The Italian financial regulatory authority, CONSOB, has been actively working to protect Italian investors from fraudulent activities by cracking down on unauthorized forex brokers operating in the country. The authority's efforts to combat unauthorized forex brokers involve monitoring and investigating their activities, blocking access to their websites, and imposing fines and other sanctions.
The Italian financial regulatory authority, CONSOB, has been actively working to protect Italian investors from fraudulent activities by cracking down on unauthorized forex brokers operating in the country. The authority's efforts to combat unauthorized forex brokers involve monitoring and investigating their activities, blocking access to their websites, and imposing fines and other sanctions.
Recently, CONSOB ordered the black-out of two new websites that offer financial services/products illegally. This brings the total number of websites blacked out since July 2019 to 845. The authority has been availing itself of the powers deriving from the “Decreto crescita” (“Growth Decree” Law no. 58 of 28 June 2019, Article no. 36, paragraph 2-tendencies) and the power introduced by the Law no. 8 of 28 February 2020, Article no. 4, paragraph 3-bis, to combat abusive financial intermediaries and websites carrying out illegal offers.
PRIME INVEST
NEWFX
Forex brokers must be authorized by CONSOB to operate legally in Italy, and the authorization process involves meeting stringent requirements and regulations set by the authority. These requirements include having adequate financial resources, transparent management structures, and sufficient measures in place to protect clients' funds.
CONSOB's actions against unauthorized forex brokers are part of its broader mandate to protect Italian investors from fraudulent activities in the financial markets. The authority's efforts to ensure the safety and security of investors have helped to enhance investor confidence in the Italian financial markets.
It is crucial for investors to only engage with authorized forex brokers to protect their funds and investments. CONSOB's actions against unauthorized forex brokers help to ensure that investors can have confidence in the safety and security of the Italian financial markets.
Install the WikiFX App on your smartphone to stay updated on the latest news.
Download link: https://www.wikifx.com/en/download.html？source=fma3
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
BDSWISS Review: Examining Withdrawal Denials, Slippage & Other Issues
Failed to withdraw funds from the BDSWISS trading account despite multiple attempts? Did the broker reject your fund withdrawal application without any reason? Did the high slippage lead to massive capital losses? Was the customer support team far from ideal? Many traders have reported these issues online. In this BDSWISS review article, we have examined several such complaints against the forex broker.
Original
Evest User Reputation: Looking at Real User Feedback and Common Complaints to Check Trust
When your capital is at risk, trust isn't just a feeling - it's something you can measure. For traders thinking about using the broker Evest, one question is impossible to avoid: Is Evest a trusted partner for your investments, or does it put your investments at serious risk? The answer to this important question, "Is Evest Safe or Scam?", isn't found in the company's ads. You find it by comparing what the broker officially says with the real, often worrying experiences of actual users. This review won't rely on guessing. Instead, we'll take a deep look at the broker's legal status and, more importantly, the number and types of real Evest complaints. Our research is based on public information, mainly from the worldwide broker research platform, WikiFX, to show the truth about Evest's reputation.
Original
Market10 Scam? Recent Allegations & Why You Should Be Wary
Investigate Market10’s regulation status and recent user allegations. Learn why caution is advised with this Forex broker. Read our Market10 review now!
Original
WikiFX Broker
Latest News
Malaysia x Hong Kong: New Index Could Unlock Regional Investment Boom
WikiFXNew fees, fewer flights: Higher fuel prices pinch consumer budgets beyond the gas pump
WikiFXRetiree loses over RM337,000 in Facebook investment scam
WikiFXCurrency Calculator
USD
CNY
Current Rate:0
Amount
USD
Available
CNY
Calculate 