Turkey's Capital Markets Board bans 65 people and refers them to the judiciary on charges of manipulating 3 stocks

Turkey's Capital Markets Board (SPK) issued a decision to file criminal complaints against 65 people and imposed a two-year trading ban on those involved in suspicious transactions affecting the shares of three companies listed on Borsa Istanbul, according to the weekly bulletin issued on 13 November 2024.

The complaints were filed pursuant to Article 107, first paragraph, of the Capital Markets Law concerning market manipulation: 8 people in the file on E-Data Teknoloji (EDATA) shares, 44 people in the Kardemir Çelik (KARCL) file, and 24 people in the Graintürk Holding (GRTHO) file. The Board explained that the total number of complaint records reached 76 because some individuals overlapped across more than one file.

The list of those banned from trading in Kardemir shares included companies affiliated with the A1 Capital, Pardus and Tera groups, with the ban limited to transactions executed on their own account. In the Graintürk file, the ban covered Tera Portföy Yönetimi under the same conditions. The Board also suspended the capital markets licenses of some individuals for the duration of the ban, as part of preserving the reliability and transparency of the markets and protecting investor rights.

The SPK also extended the measure easing the equity ratio in credit transactions — in force since 27 October — until the end of the session on 31 December 2026, and approved taking legal action to block 12 unlicensed websites.