Log inPricing

Regulator watch · updated daily

The regulator warns.
What happens next?

67 %
of the investment websites that financial regulators warned about in the last 30 days still answer today: 144 of 215.

A warning does not oblige a website to close: it says the firm is not authorised in that country. So we check every warned website, every day, and analyse what is behind it.

Data as of 16 Oct 2026

Warned in the last 30 days

still onlineno longer answeringone square = one website

6,871

warned websites tracked

2,166

still online today

51

clones of authorised firms, still online

56 %

still online, warned in the last 90 days

Warned is not the same as fraud

How many were really fraud?

Our verdict on the 6,174 warned websites we have analysed. We only call one fraudulent when there is evidence beyond the warning itself; an unlicensed firm with nothing else against it stays "suspicious". Of the websites still online, 176 are fraud with evidence.

Fraud, with evidence

10.3 % 636

clone of an authorised firm, platform takedown, blocklist or our own findings

Suspicious

89.5 % 5,523

unlicensed in that country, no proof of fraud on its own

Legitimate

0.1 % 6

a real business despite the warning

How long they last

One in 4 is still online a year later.

Share of warned websites still answering, by how many months ago the regulator warned. Hover a column for the figures.

0123456789101112+
Months since the warning

Tap or hover a column

See the data as a table
Months since warningWarnedOnline%
021514467
130014548
230216555
328812744
447118339
52149946
62498133
75189318
849810621
92084120
1044110824
113088829
12+2,85978627

What became of them

All 6,871 warned websites, today

Where each warned website stands today, whatever its verdict. Few were blocked by a platform; most of those no longer answering simply disappeared.

Still online

2,166 32 %

answering with a page

Neutralised

237 3 %

blocked by Cloudflare or taken down by their platform

Gone

4,468 65 %

no DNS 2,189 · parked 946 · not answering 1,333

By regulator

Warned, and still online

Bar length: websites each regulator has warned about. In orange: those still answering today.

  • Financial Conduct Authority (United Kingdom)429 / 1,423
  • Comisión Nacional del Mercado de Valores (Spain)319 / 997
  • Autorité des marchés financiers (France)195 / 659
  • Financial Markets Authority (New Zealand)99 / 472
  • Australian Securities and Investments Commission (Australia)129 / 471
  • CONSOB (Italy)130 / 469
  • Securities and Exchange Commission (United States of America)104 / 266
  • Swiss Financial Market Supervisory Authority (Switzerland)72 / 222
  • Finansinspektionen (Sweden)36 / 201
  • Financial Services and Markets Authority (Belgium)56 / 165

No developer needed

Built with website builders

114 warned websites run on a website builder, some of them AI-powered. A few platforms have already taken theirs down.

  • Webflow28
  • GoDaddy26
  • Wix16
  • Lovable11
  • Framer10
  • Squarespace7
  • WordPress.com6
  • Tilda4

Recently warned, still online

What they look like

A sample of websites warned in recent days that still answer. Each one opens its full report.

How we measure it

Warnings come from the regulators themselves, gathered through IOSCO's I-SCAN alerts network. Every day we request each warned website once. It counts as online when it answers with a page: not a parking page, not a hosting platform's takedown notice, not Cloudflare's phishing block. The headline figures use recent warnings, because a domain warned years ago may have changed hands.

A regulator's "not authorised" warning concerns licensing in its jurisdiction and does not prove fraud on its own. Each website's report says what else we found: clones of authorised firms, takedowns, blocklists.

Offered an investment online?

Check the website for free before you send any money.

Registrars, banks, security teams

Every warned website, its status and its evidence, daily. Request trial access.