Italy’s financial regulator CONSOB has ordered the blocking of seven unauthorized investment websites, including Tradepower, EXT24, and Trevorex. The decision, based on powers granted under the Growth Decree and Law No. 8, reflects CONSOB’s continued efforts to shut down illicit financial intermediaries.
With this latest action, the total number of blocked websites has reached 1,360 since July 2019.
The blackout is being enforced by local ISPs in Italy, although full implementation may take several days due to technical delays.
The Prop Angle
For prop traders and fintech firms, CONSOB’s ongoing crackdown on unauthorized brokers is more than just another regulatory headline – it’s a sharp reminder to thoroughly vet any platform you engage with.
Whether you’re selecting liquidity providers, connecting client accounts, or entering affiliate deals, working with unlicensed or blacklisted entities can seriously jeopardize your operations and credibility.
As regulators across Europe step up enforcement, aligning with licensed and reputable partners isn’t just best practice – it’s essential.
