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.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: