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Screenshot of a breaking news alert e-mail from Q2 2017
The National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa – CONSOB) has prohibited:
- under the terms of article 99, paragraph 1, letter d), of the Consolidated Law on Finance – CLF, the offering to the public resident in Italy regarding investments of a financial nature carried out by Service Merchant Corp. also through the website www.merchantshares.com (resolution no. 19908 of 8 March 2017);
- under the terms of article 101, paragraph 4, letter c), of the CLF, the advertising activity related to the offering to the public resident in Italy regarding investments of a financial nature promoted by Service Merchant Corp. carried out through the website www.euroinrete.blogspot.it/2016/11/merchantshare.html (resolution no. 19909 of 8 March 2017);
CONSOB also reported that the company Venice Investment Group Ltd is not authorised to provide investment services and business in Italy in any way, including through the website www.veniceinvestmentgroup.com.
For the official CONSOB warning, click here.