Italy’s financial markets regulator National Commission for Companies and the Stock Exchange (CONSOB) has issued a public warning against new forex brokers.
CONSOB has suspended for a period of 90 days, under the terms of art. 99, paragraph 1, lett. b), of the Consolidated Law on Finance – CLF, the offering to the public resident in Italy of investments of a financial nature carried out also through the website www.profits25.com.
CONSOB also reported that:
- the company Advanced Binary Technologies Ltd is not authorised to provide investment services and business in Italy in any way, including through the website www.ayrex.com;
- the company Cumberland Capital Ltd is not authorised to provide investment services and business in Italy in any way, including through the website www.tropicaltrade.com;
- the companies Altair Entertainment Nv, Payific Ltd and Capital Force Ltd are not authorised to provide investment services and business in Italy in any way, including through the website www.option888.com;
- the companies Brooks Partners, Pel Ltd and S&Y Market Kft are not authorised to provide investment services and business in Italy in any way, including through the website www.brooks-partners.com;
- the companies Broker Yard, Techofin Ltd and OCapital Lp are not authorised to provide investment services and business in Italy in any way, including through the website www.brokeryard.com.