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Consob Blocks Sigma Capital, 4 Other Illegal Websites

WikiFX | 2024-07-12 12:00

Abstract：Consob has blocked Sigma Capital and four other illegal financial websites, emphasizing verifying authorization and exercising diligence in investments.

Consob has taken firm action to safeguard investors by blacking five websites that unlawfully provided financial services. This action was carried out under the power bestowed upon the “Growth Decree” (Law no. 58 of 28 June 2019, Article number 36, paragraph 2-tendencies). This gives Consob authority to tell Internet service providers in Italy to prohibit access to illegal financial service websites.

The websites that have been blocked are:

“EFS Lux” (website www.efslux.com and related page https://client.efslux.com)
“Finexleaders” (website https://finexleaders.co)
“OneCapital CFDS” (website https://24cfdcap.net and related page https://client.24cfdcap.net)
“Sigma Capital” (website https://sigmacapitals.uk)
“Algobot24” (website https://algobot24.com and related page https://client.algobot24.com)

The number of websites blacked down has increased to 1120 since July 2019, when Consob gained authority to prohibit websites of bogus financial intermediaries. This shows the agency's ongoing commitment to protecting the financial interests of the Italian people.

Those seeking more information may find Consob's implemented measures readily available on its website, www.consob.it. Although the technological deployment may take many days, Italian Internet service providers have already imposed these bans.

Consob highly counsels investors to use great care when deciding what to invest in. Protecting one's money depends critically on making sure the financial operator is licensed and that a prospectus is accessible for any financial product offers. The Consob homepage's “Watch for Scams!” section invites readers to come for helpful advice on avoiding bogus schemes.

About CONSOB

Consob, the Italian Companies and Exchange Commission, overseeing the Italian securities market. Its main purposes are investor protection, market transparency assurance, and encouraging orderly growth of the securities market. Through careful monitoring and control, Consob seeks to provide a safe and reliable financial environment for every participant.

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