The Capital Markets Board (SPK) announced new sanction decisions regarding investigations conducted in the equity market in its weekly bulletin dated October 16, 2026. The Board decided to file criminal complaints against a total of 37 people due to transactions carried out in the shares of two companies.
According to the decisions, criminal complaints will be filed against 22 people due to transactions in Vişne Madencilik Üretim Sanayi ve Ticaret AŞ (VSNMD) shares, and against 15 people due to transactions in Işıklar Enerji ve Yapı Holding AŞ (IEYHO) shares.
The SPK stated that these criminal complaints were filed within the scope of the Capital Markets Law's regulations regarding market fraud.
As part of the investigations, the Board imposed a 2-year ban on trading in the stock exchange and other organized markets on a total of 42 individuals and companies.
A trading ban will be applied to 22 individuals, as well as Tera Yatırım Menkul Değerler AŞ, Tera Portföy Yönetimi AŞ, MAG Tarımsal Ürünler Pazarlama ve Ticaret AŞ, and Dilim Bilişim Teknolojileri Perakende Ticaret AŞ due to transactions in VSNMD shares.
Regarding transactions in IEYHO shares, a trading ban decision was issued for 15 individuals and Alnus Yatırım Menkul Değerler AŞ for the same duration. It was stated that the bans on Tera Yatırım, Tera Portföy, and Alnus Yatırım are limited to transactions made on their own behalf and account in the relevant shares.
The SPK also decided to revoke all capital market licenses held by 12 people due to transactions in VSNMD shares and by 9 people due to transactions in IEYHO shares for the duration of the trading ban. Thus, the licenses of a total of 21 people will be invalid for a period of 2 years.
The Board also announced that in order for the individuals against whom criminal complaints were filed to benefit from effective remorse provisions, they must make a payment of at least 500 thousand liras, or twice the amount of the benefit they obtained or caused to be obtained.
News Source: 12punto
