Italy regulator CONSOB warns against 10 new brokers


FINRA warning

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.

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Italy regulator CONSOB warns against 10 new brokers

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