The Securities and Exchange Commission yesterday warned the investing public to desist from dealing with four blacklisted Italian e-commerce companies.
SEC, in a statement, said its attention has been drawn to a report that the Italian securities regulator, Commissione Nazionale per le Soecieta’ e la Borsa – CONSOB, has blacklisted the four e-commerce companies and blocked their websites for fraudulent e-trading and unauthorized offering of financial services.
“The CONSOB therefore, called informed investment choices in order to safeguard their savings, including checking the registration status or otherwise of such companies.”
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