SPK Imposes a Fine of 929 Million TL for Market Manipulations!

The Capital Markets Board (CMB) continues to yield results in its efforts to combat market manipulation. Within the framework of inspections conducted in 2023, a total of 94 individuals were fined a total of 496 million 895 thousand lira due to market disruption, while 167 individuals were imposed administrative fines amounting to 432 million 354 thousand 690 lira for other disruptive actions.

This significant milestone is considered a major step towards increasing the confidence in the markets and ensuring a fair trading environment. The Minister of Treasury and Finance, Mehmet Şimşek, had announced the measures and increased penalties against manipulation actions in the markets. In his statement at the Capital Markets Congress, he emphasized that the regulatory framework would be strengthened and that any necessary deficiencies would be addressed.

Mehmet Şimşek stated, “We will intensify the fight against manipulation, and we will also address the efforts to combat unregistered activities in a more in-depth manner.” This approach sends an important message to market participants and signals that the upcoming regulations will be more comprehensive.

The CMB is demonstrating a determined stance in its inspections aimed at increasing compliance with market ethics and creating a reliable investment environment. The fines imposed are not only financial penalties but also serve as a warning to all stakeholders in the markets.

It is anticipated that the CMB will continue these types of applications with the aim of protecting investors effectively and ensuring market integrity. At this point, market participants have the responsibility to abide by the existing rules and ethical standards to contribute to the establishment of a healthy market environment.