Türkiye’s Capital Markets Board decided to file criminal complaints against 67 people following reviews of transactions in three companies’ shares. It also imposed two-year trading bans. The lists contain overlapping names, while additional licence cancellations and company-specific restrictions cover parts of the same cases. Prosecutors will assess the complaints; the decisions do not establish criminal guilt.
Türkiye’s Capital Markets Board (SPK), the national securities regulator, decided on criminal complaints against 67 people and two-year trading bans after examining transactions in three companies’ shares. The decisions appeared in its bulletin of 6 November. The complaints concern the legal provision on transaction-based market manipulation.[1], [2]
The cases cover polymer producer Temapol Polimer Plastik, bathroom-products company İsvea Seramik ve Banyo Ürünleri and securities firm Tera Yatırım Menkul Değerler. Their TMPOL, ISVEA and TERA lists contain 24, 22 and 42 names respectively. These 88 entries include repeated names across the lists; the number of distinct individuals is 67.[1]
Licence cancellations for the ban’s duration affect 18 people in the TMPOL case, 9 in ISVEA and 28 in TERA. Prosecutors will assess the criminal complaints, which do not establish the individuals’ guilt.[1]
Hedef Portföy Yönetimi faces a restriction in TMPOL. Tera Yatırım Bankası and Tera Portföy Yönetimi are restricted in ISVEA, while Mag Tarımsal Ürünler Pazarlama ve Ticaret and Tera Portföy Yönetimi are restricted in TERA. These companies cannot trade the specified shares on their own behalf for two years. Individuals’ bans cover the stock exchange and other organised markets.[1]
