CONSOB Warns against New Set of Unregulated Brokers

[kreslik.news]

It has been a busy past couple of weeks for the Commissione Nazionale per le Società e la Borsa (CONSOB) andthe Italian regulatory shows no sign of slowing down. This Monday, the regulator posted another set of unregulated FX firms offering illicit services to Italians.

Unlike the usual unregulated brokers, whose websites resemble Windows 95 clip-art, the firms CONSOB warned users against today are operating fairly slick websites. This is worrying given that a more professional looking website is more likely to fool inexperienced investors into handing their money over to the shady figures running unregulated ... (read more)