The Capital Markets Board (SPK) has announced its new decision regarding Tera Yatırım Menkul Değerler AŞ.
The Board has ruled for the revocation of all the company's operating licenses and its authorization certificate, the compensation of investors, and the gradual liquidation of the company.
According to the decisions included in the SPK bulletin, it was decided to initiate the necessary legal proceedings to block access to 5 websites in order to prevent unauthorized activities in the capital markets.
The Board also decided to file criminal complaints against 50 individuals.
A 2-year trading ban on the stock exchange and other organized markets will be imposed on 51 individuals, as well as Aura Portföy Yönetimi AŞ, Tera Yatırım Menkul Değerler AŞ, Tera Portföy Yönetimi AŞ, and MAG Tarımsal Ürünler Pazarlama ve Ticaret AŞ.
The SPK also decided to impose license revocation penalties on 31 individuals.
According to the bulletin, the Board also approved the application for an amendment to the articles of association by Piramit Menkul Kıymetler AŞ to increase its capital from 300 million liras to 500 million liras.
News Source: 12punto
