The Capital Markets Board of Turkey (SPK) announced in its latest bulletin that it has imposed fines on 25 individuals and institutions. Here are the details of the news titled “SPK Issues Shocking Fines to 25 Individuals and Institutions!”
# News on Public Companies
According to the SPK bulletin dated October 3, 2024, Inveo Portfolio Management Inc. and two of its managers were fined. Transactions involving companies such as Anadolu Isuzu, Turkish Airlines, DO & CO, Pegasus, Vakko, Ford Otosan, Aksa Energy, and Petkim also led to penalties. The SPK decided to impose administrative monetary fines due to transactions conducted in the shares of these companies.
# SPK Issues Shocking Fines to 25 Individuals and Institutions!
Investment firms that violated the short sale ban on Borsa Istanbul also caught the SPK’s attention. Following the decision made by the Board Decision Authority on February 6, 2023, these firms were fined in accordance with Article 103 of the Capital Markets Law. The SPK continues to conduct strict oversight to ensure that the capital market operates in an orderly and transparent manner.
The latest penalty decisions by the SPK have resonated within the market. The fines imposed on 25 individuals and institutions demonstrate the SPK’s determination against manipulation and illegal activities.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
