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Screenshot of a breaking news alert e-mail from Q2 2017
Italy’s Consob – the nation’s regulator for the financial markets, has earlier today published a warning regarding three companies that target Italian investors without having the licenses to do so.
The first new addition to the list is Tradect Ltd (also known as Market City International), which operates via www.tradect.com. The company provides a contact address in Romania and offers Forex trading services to Italian investors.
The second addition is Eich Invest Ltd, which operates via www.brokerofgeneve.com. This is a binary options broker targeting Italian investors.
The last addition is Plea (UK) Ltd, which offers its services via www.gmtinvest.com and seeks to attract Italian residents to trade Forex and CFDs.
All of these businesses are not allowed to market their services in Italy and to provide any sort of investment services to Italian clients, says the regulator.
To view the official warning, click here.