CMB imposes 6-month trading ban on 6 individuals
The Capital Markets Board (CMB) has decided to impose a temporary 6-month trading ban on 6 individuals in stock exchanges. The decision was published in the CMB Bulletin.
The Capital Markets Board (CMB) has decided to impose a temporary 6-month trading ban on six individuals regarding transactions carried out in the Pera Gayrimenkul Yatırım Ortaklığı AŞ (PEGYO) share market.
The statement from the CMB read as follows:
"Due to the existence of reasonable suspicion that the act defined in Article 107/1 of the Capital Markets Law No. 6362 was committed in the transactions carried out in the Pera Gayrimenkul Yatırım Ortaklığı AŞ (PEGYO) share market; in order to protect the rights and interests of investors within the framework of Article 1 of the Capital Markets Law, and based on Article 128/1-(a) of the Capital Markets Law to prevent transactions aimed at creating an artificial market; in accordance with Article 101/1 of the Capital Markets Law and Articles 5/1 and 6/1 of the Communiqué on Measures to be Applied in Market Abuse and Market Fraud Investigations No. V-101.1; it has been decided to impose a temporary 6-month trading ban on the individuals listed in the table below, effective from the transactions dated 15.01.2024."
News Source: 12punto
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