Tag: Eu Trade

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April 4, 2022

Another regulatory warning against EUFM broker scam using fake regulatory documents!

The German BaFin today announced investigations of the EUFM broker scam. Only recently, the Italian Consob and the Spanish CNMV issued a warning against the broker scam European Financial Markets a/k/a EUFM. The website does not provide any information about the operators or the jurisdiction responsible. As payment processors behind BoxiPay cashier, we have once again discovered Paypound as well as PayCent. Deposits are only possible via credit and debit cards. Stay far away and save yourself from losing your money and misusing your data.
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Consob orders blackout for five more websitesI
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June 29, 2021

Italian Consob and this week’s black-out orders

Like every Monday over the last couple of months, the Italian Consob has ordered the blackout websites that illegally offer financial services to Italian consumers and investors. Unfortunately, Consob is currently the only EU regulator to take this effective measure. However, it would be desirable if more member states would create a legal basis for blocking illegal or fraudulent websites. This week, Consob ordered the black-out of the following five websites.
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