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Global Broker Regulation & Inquiry App

National Commission for Companies and the Stock Exchange

Year 1974Regulated by Government

The Commissione Nazionale per le Società e la Borsa (CONSOB) is the public authority responsible for regulating the Italian financial markets.Its activity is aimed at the protection of the investing public.The CONSOB is the competent authority for ensuring transparency and correct behaviour by financial market participants;disclosure of complete and accurate information to the investing public by listed companies;It conducts investigations with respect to potential infringements of insider dealing and market manipulation law.

Disclosure summary
  • Disclosure matching Website matching
  • Disclosure time 2023-01-16
  • Reason for punishment Consob has ordered the black-out of 5 new websites that offer financial services illegally.
Disclosure details

Consob warning on Titancfd (www.titancfd-fx.com, page https://platform.titancfd-fx.com) - Ecc Corp Llc (https://eccapitals.com, pages https://ec-capitals.com, https://webtrader.eccapitals.com) - SevenCapital24 (https://sevencapital24.com) - Eudaimon Consulting Llc (https://stellarfx.co) - Win Traders (https://win-traders.com, page https://client.win-traders.com) - Uefa Football Fund Ltd (https://uefa2017.com, page https://www.2016uefa.com) - British Trade Limited (www.britishtradeltd.com)

Consob has ordered the black-out of 5 new websites that offer financial services illegally. The commission availed itself of the new powers resulting from the 'Decreto Crescita' ('Growth Decree'; Law no. 58 of 28 June 2019, article 36, paragraph 2-terdecies), on the basis of which Consob can order internet service providers to block access from Italy to websites offering financial services without the proper authorization. Below are the sites Consob has ordered to be blacked out: - Titancfd (website www.titancfd-fx.com and its pagehttps://platform.titancfd-fx.com). - Ecc Corp Llc(website https://eccapitals.com and its pages https://ec-capitals.com and https://webtrader.eccapitals.com); - SevenCapital24 (website https://sevencapital24.com); - Eudaimon Consulting Llc (website https://stellarfx.co); - Win Traders (website https://win-traders.com and its page https://client.win-traders.com). The number of sites blacked out since July 2019, when Consob got the power to order the black-out of websites of fraudulent financial intermediaries, has thus risen to 820. The measures adopted by Consob can be consulted on the website www.consob.it. The black-out of these websites by internet service providers operating on Italian territory is ongoing. For technical reasons, it can take several days for the black-out to come into effect. Consob draws investors' attention to the importance of adopting the greatest diligence in order to make informed investment choices, adopting common sense behaviours, essential to safeguard one's savings: these include, for websites that offer financial services, checking in advance that the operator with whom you are investing is authorised, and, for offers of financial products, that a prospectus has been published. To this end, Consob would remind you that there is a section on the homepage of its website www.consob.it entitled "Watch for scams!", providing useful information to warn investors against financially abusive initiatives. * * * Consob has also prohibited, pursuant to Article 99, paragraph 1, letter c) of the Consolidated Law on Finance, the offer to the Italian public of financial products relating to "investment plans" using the name "UEFA Football Hedge Fund" made by Uefa Football Fund Ltd including via the website https://uefa2017.com and its page https://www.2016uefa.com (Resolution No. 22556 of 11 January 2023); the offer had already been suspended for a period of 90 days with Resolution No. 22476 of 11 October 2022. * * * Consob has also prohibited, pursuant to art. 99, paragraph 1, letter c), of the Consolidated Law on Finance, the offer to the public of "investment plans" made by British Trade Limited, including through the website www.britishtradeltd.com (Resolution No. 22558 of 11 January 2023); the offer had already been suspended for a period of 90 days with (Resolution no. 22483 of 19 October 2022). * * * Consob has ordered the same subjects to cease the violation of Article 18 of Legislative Decree no. 58 of 24 February 1998, pursuant to article 7-octies, letter b) of the same legislative decree: - Titancfd via the website www.titancfd-fx.com and its page https://platform.titancfd-fx.com (Resolution no. 22563 of 11 January 2023). - Ecc Corp Llc via the website https://eccapitals.com and its pages https://ec-capitals.com and https://webtrader.eccapitals.com (Resolution no. 22559 of 11 January 2023). - SevenCapital24 via the website https://sevencapital24.com (Resolution no. 22561 of 11 January 2023). - Eudaimon Consulting Llc via the website https://stellarfx.co (Resolution no. 22560 of 11 January 2023). - Win Traders via the website https://win-traders.com and its page https://client.win-traders.com (Resolution no. 22562 of 11 January 2023). (Published in "Consob Informa" no. 1/2023 - 16 January 2023)
Annex
More regulatory disclosure

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Sanction

2019-06-08

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