Consob terminats six scam broker websites

Italian CONSOB blocks another six scam broker sites

The Italian CONSOB is currently the only regulator in the EU with the approach to blocking the websites of scams and unauthorized financial service providers. This regulatory enforcement tool is intended to protect Italian consumers and retail investors by making illegal financial products inaccessible. A few days ago, CONSOB blocked another six sites.

Spanish Watchdog warns against DBFX scam broker of Cyprus Belight Capital Group

The Spanish financial market supervisory authority CNMV this week issued an investor warning against the unauthorized and thus illegally operating Forex broker DBFX Limited (www.dbfxtrades.com). According to information on the website, the company is registered in Vanuatu and is a subsidiary of the CySEC-registered investment company Belight Capital Group Ltd. The company’s license has been suspended in April 2020.