CMB President: Business Owners Shouldn’t Talk About Stock Prices

Making assessments on the latest developments in the capital markets, İbrahim Ömer Gönül, Chairman of the Capital Markets Board (CMB), reminded that regulations were made on the Borsa Istanbul Futures and Options Market (VIOP), and said that there are studies on regulations that cover the medium term.

Gönül stated that they are working with Borsa İstanbul, Takasbank and the Central Registration Agency (MKK) on this issue.

Emphasizing that they always try to assume their stakeholders have good intentions when making arrangements, he said: “On the one hand, we do everything we can to go against the bad guys and prevent them.”

‘A RISK CENTER WILL BE ESTABLISHED’

Stating that his regulations will never stop, Gönül said, “We will continue to take the measures according to the conditions of the day, but the most important of these measures is the establishment of the Risk Center. Borsa İstanbul group, which I just mentioned, and we are establishing a Risk Center. Thus, risks such as risky transactions, concentration risks, intermediary institution risks, and customer risks will be analyzed more efficiently.”

‘WE DON’T LIKE YOUR TALKS ABOUT SHARE PRICES’

CMB Chairman Gönül also referred to the assessments of company owners and senior executives regarding share prices, saying: “We do not invite company owners to talk about share prices, especially in critical situations. We do not welcome company owners and senior officials to make such statements, whether on social media, in the press or on television.”

Gönül said: “We have already examined such statements in the past. We will follow it closely from now on,” he said.

‘APPLICATIONS TO PUBLIC OFFERS WILL INCREASE’

Gönül said that public offering requests continue to be strong and they believe that public offering requests will increase next year.

Stating that his aim is to facilitate the business of companies by implementing the electronic application system in public offerings, Gönül said, “We are informing companies about the capital markets by showing favor to the provinces where the industry is concentrated. in connection with public offerings, by providing them with more access”. he said.

Gönül also mentioned that they accelerated the steps they took to develop financial education with new investors.

Explaining that they are working in the form of a financial education academy to increase financial education, Gönül said, “We will start a certification process very soon. We especially want new investors to become financially savvy investors in the stock market.” he said she.

‘WE FOLLOW THE MOVEMENT IN THE MARKETS’

The president of the CMB affirmed that there are also legislative proposals and studies on manipulations carried out on social networks.

CMB President Gönül stated that they closely follow the movements in the markets and continued his speech as follows: “We have daily reports. We track them for every stock movement, for every notable stock movement. Why did this stock go up or down?… All of this is monitored by our monitoring committee. A serious team works here. Serious technology works. Of course, its reinspection and preparation of the infrastructure is a certain process. If there is indeed an illegal act and we have detected it, it will be sanctioned”.

Gönül also mentioned the remarkable performances of some stocks and said: “We don’t interfere with the price, the price is not important to us. We will see if the realization of this price was real, if it was a supply and demand side, or if other things happened behind it, if an artificial market was created or if manipulation was done.” he used the phrases. (AA)