Multi-million lira fine for Midas from the CMB!
Following investigations conducted by the Capital Markets Board, a fine of 27 million 778 thousand lira has been imposed on Midas Menkul Değerler AŞ.
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The Capital Markets Board has imposed an administrative fine on Midas Menkul Değerler AŞ.
The Capital Markets Board (CMB) has issued administrative fines following investigations conducted at Midas Menkul Değerler AŞ.
The total fine imposed amounted to 27 million 778 thousand 312 lira.
According to information shared by the CMB, Midas received administrative fines for several reasons, including the failure of the system backup regarding the order transmission system to meet legislative requirements, the occurrence of disruptions in the information systems infrastructure on various dates, and the establishment of contractual relationships and opening of accounts for customers without the institution performing address verification.