29.10.2026 16:34
Following its investigations into transactions in PASEU, SELEC, and MANAS shares, the Capital Markets Board (CMB) issued a series of sanctions decisions. It was decided to file criminal complaints against 50 people and to impose a two-year trading ban on 51 natural persons and 4 companies. The capital markets licenses of 31 people were revoked, while all operating licenses of Tera Yatırım Menkul Değerler AŞ were cancelled. The Board also decided on the gradual liquidation of the brokerage firm and the compensation of its investors.
The new decisions taken by the Capital Markets Board (SPK) in the stock market brought wide-ranging sanctions in the capital markets. In the process in which three stocks were examined, action was taken against many people, while a liquidation decision was issued for a brokerage firm.
CRITICAL DECISION FROM SPK FOR 3 STOCKS
The Capital Markets Board announced in its bulletin the results of its investigations into transactions carried out in the capital markets. In the Board's decisions, transactions in the equity markets of Pasifik Eurasia Lojistik (PASEU), Selçuk Ecza Deposu (SELEC), and Manas Enerji (MANAS) stood out. As a result of the investigations, numerous sanctions were decided, including criminal complaints, trading bans, and license revocations.
CRIMINAL COMPLAINTS AGAINST 50 PEOPLE
SPK decided to file criminal complaints against 50 natural persons due to transactions carried out in the equity markets of three companies. It was stated that the criminal complaints would be filed within the scope of the first paragraph of Article 107 of the Capital Markets Law. The said article contains regulations regarding transaction-based market fraud in the capital market.
2-YEAR TRADING BAN FOR 55 PEOPLE AND COMPANIES
Another noteworthy decision by the Board was trading bans. It was decided to impose a two-year trading ban on 51 natural persons and 4 legal entities. It was announced that the decision was taken within the scope of investigations into transactions carried out in the PASEU, SELEC, and MANAS equity markets. In addition, it was decided to revoke the capital market licenses of 31 natural persons for the duration of the trading ban. Thus, SPK's investigations were not limited to criminal complaints; sanctions were also imposed on authorizations to operate in the capital markets.
ALL OPERATING LICENSES OF TERA YATIRIM REVOKED
One of the most striking decisions in the SPK bulletin concerned Tera Yatırım Menkul Değerler AŞ. The Board revoked all operating licenses and the authorization certificate of Tera Yatırım. In addition, it was decided to gradually liquidate the brokerage firm and compensate its investors. Gradual liquidation covers the termination of the brokerage firm's activities within a certain legal process and the liquidation of its related obligations. The scope and conditions of implementation of the transactions regarding investor compensation will be determined within the framework of the relevant legislation.
ACCESS BLOCK FOR 5 INTERNET ADDRESSES
SPK also took action against unauthorized capital market activities. Within this scope, it was decided to carry out the necessary legal procedures to block access to 5 websites and application links. It was stated that the decision was taken to prevent unauthorized activities in the capital markets.
APPROVAL FOR PİRAMİT MENKUL KIYMETLER'S CAPITAL INCREASE
Another decision announced by the Board in the same bulletin concerned Piramit Menkul Kıymetler AŞ. SPK approved the company's application for an amendment to its articles of association to increase its capital from 300 million lira to 500 million lira.