Turkish Regulator Orders Trading Bans in Two Stock Cases
The SPK decided to file criminal complaints over trading in Vişne Madencilik and Işıklar Enerji shares, with reports differing on one count.
Key takeaways
- The SPK ordered two-year trading bans linked to both companies’ shares.
- Reports differ on the number of people named in the Vişne Madencilik case.
Turkey’s Capital Markets Board, or SPK, decided to file criminal complaints over trading in Vişne Madencilik and Işıklar Enerji shares. Borsa Gündem reported 37 people in total, while Ekonomim gave a different count for the Vişne case.
Borsa Gündem said 22 people were named over Vişne Madencilik shares; Ekonomim reported 21. Both outlets reported 15 people in the Işıklar Enerji and Yapı Holding case.
The SPK also ordered two-year trading bans for relevant people and institutions, limited to trades they made for their own accounts in the shares concerned. Their licenses are to be revoked during the ban period.
For the Işıklar case, the SPK said three people’s earlier six-month temporary bans would be deducted from the new ban period.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
