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The Italian regulator Commissione Nazionale per la Societa e la Borsa has issued a warning against nineteen brokerages that have been illegally operating in Italy. Some are simply unauthorized, whereas others are attempting to copy regulated online trading companies.
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The Italian financial watchdog’s recent warning follows the alerts of other regulatory bodies, such as the British Financial Conduct Authority (FCA), the Austrian Financial Market Authority (FMA), the Spanish Comisión Nacional del Mercado de Valores (CNMV), the Hong Kong based Securities and Futures Commission (SFC), and more .
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