CMB Chairman: License Revocation for Portfolio Managers in Manipulation Cases is Coming

SPK's Strong Warning: License Revocation Application on the Agenda

Capital Markets Board of Turkey (SPK) President Ömer Gönül drew attention with his statements at the Turkey Capital Markets Congress. Gönül stated that portfolio managers could face license revocation if funds are used for manipulation purposes.

Strategy for Combating Manipulation

President Gönül emphasized that the strictest measure to prevent such attempts is license revocation. He expressed that decisive steps will be taken to ensure the safety of Turkey's capital markets.

Effects on BIST and Portfolio Management

This approach could have significant effects on Borsa Istanbul (BIST). The SPK's measures are seen as part of the regulatory framework required for healthier market operations.