NewsItaly Antitrust Body Fines eToro For Misleading Consumers

Italy Antitrust Body Fines eToro For Misleading Consumers


Italy’s competition watchdog AGCM issued a fine of 1.3 Million euros against online brokerage firm eToro Europe on grounds that it mislead users regarding costs associated with stock trading services offered.

The AGCM found that eToro had advertised its stock investing platform as free without disclosing fees such as exchange use charges or clauses preventing customers from switching brokers.

Italian regulators recently fined Amazon $1.3 billion for offering special perks to third-party vendors who use its logistics warehouses and delivery network. According to Amazon, selecting specific resellers is necessary for customer safety purposes and to verify whether sellers are genuine.

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