Press Release
As a result of our surveillance and audit activities, it was determined that shares were marketed through social media channels, membership-based groups and chat rooms.
Investors have been manipulated and victimized due to individuals who have not been given the permission or any authorization by the Capital Markets Board of Türkiye (the Board) to engage in investment advisory and similar capital market activities.
The Capital Markets Law No: 6362, Article 107, titled ‘Manipulation’ regulates activities in relation to transaction-based market fraud and information-based market fraud. In relation to these regulations "those who make purchases and sales, place orders, cancel orders, change orders or carry out account activities with the purpose of creating a false or misleading impression on the prices of capital market instruments, their price changes, their supplies and demands" and ‘those who make purchases or sales, place orders, cancel orders, change orders or make account movements" and "those who provide false, wrong or misleading information, start rumors, give notices, make comments or prepare reports or disseminate them in order to affect the prices of capital market instruments, their values or the decisions of investors, thereby obtaining benefits" shall be sentenced to imprisonment from 3 to 5 years and up to five thousand days will be subject to a judicial fine.
As a result of the investigations conducted by the Board;
- Individuals who seek to influence investors by creating groups on social media, aim to gain benefits by selling the shares they own, by creating demand for the shares within the groups they create.
- It has been observed that those who influence investors within the groups, with the "buy" advice, simultaneously, for themselves or for their affiliates, gain benefit by selling the shares they own at high prices, thus causing losses to the investors.
Therefore, it is very significant not to trust those who engage in such activities.
Additionally, it remains vital to remind investors who have been included in these groups, that they shall be held liable for all consequences as a result of participating in such crimes.
Announced to the public.
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