Investigation into the "resignation" claim of Minister of Treasury and Finance Şimşek by the Capital Markets Board (SPK).

The Capital Markets Board (CMB) announced that necessary legal actions and investigations have been initiated against those who produce purposeful and misleading news causing abnormal price and quantity movements, as well as those who disseminate such news.



In a written statement issued by the CMB, it was emphasized that transactions in the Borsa Istanbul stock market are monitored instantly and that the control mechanism against market-disturbing actions of real and legal persons operates continuously.



The statement included the following expressions:



"On the last trading day of the week, necessary investigations have been initiated regarding social media accounts that mislead stock market investors and cause them to incur losses by spreading false resignation news about our Minister of Treasury and Finance, Mr. Mehmet Şimşek. The crimes of transaction-based market fraud and information-based market fraud are regulated in Article 107 titled 'Market Fraud' of the Capital Markets Law No. 6362.



In accordance with the aforementioned regulations, 'those who buy or sell, give orders, cancel orders, change orders, or perform account transactions with the aim of creating false or misleading impressions regarding the prices, price changes, supply and demand of capital market instruments' and 'those who provide false, misleading, or deceptive information, spread rumors, provide news, make comments, or prepare reports, or disseminate them, and benefit from them, with the aim of influencing the prices, values, or decisions of investors regarding capital market instruments, shall be punished with imprisonment for a term of three to five years and a judicial fine of up to 5000 days.' As mentioned above, necessary legal actions/investigations have been immediately initiated by our Board against those who produce purposeful and misleading news causing abnormal price and quantity movements, as well as those who disseminate such news."



The statement warned not to trust social media news that is not from the Board or official authorities and is misleading to investors.