Press Release
As a result of the monitoring activities carried out by the Capital Markets Board of Türkiye (the Board), it was observed that high profit/return have been promised to investors, for financing investment in the real estate, tourism, health, energy, communication sector through the use of various platforms on the internet, social media and digital platforms where advertisements were published and with those advertisements money was collected through dividends or partnership to enterprises and/or businesses that have been established or will be established.
It has become essential to make the following announcement in order to prevent investors’ harm. In accordance with the provisions of the Turkish Commercial Code, it is strictly forbidden to collect money from the public, by making calls to the public for the purpose or promise of establishing a new company or raising capital of a company.
According to the Capital Markets Law, a prospectus must be prepared for the public offering of capital market instruments and this prospectus must be approved by the Board.
According to the Capital Markets Law, public offerings that have been made without fulfilling the obligation of publishing an approved prospectus or issuances made without an approved issue document shall be subject to punishment of imprisonment from two to five years and to judicial fines of five thousand days to ten thousand days. Within this context, it is respectfully announced to the public that in order to prevent harm to investors, if capital market instruments are sold under the names of stocks, shares, and partnerships by collecting money from the public without fulfilling the required obligation to publish an approved prospectus or issue document, the relevant parties shall be subject to the above-mentioned provisions and that such attempts, which constitute a crime, should not be taken into consideration.
Announced to the public.
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