Penalty from the SPK to the phenomena of social networks
The Capital Market Board (SPK) imposed sanctions for manipulations in social networks and the Internet.
CMB, which has been working on social media phenomena affecting investor decisions and prompting complaints for a while, has launched legal action against several accounts.
According to the WBC bulletins published on December 21 and 22, measures such as transaction bans, sanctions, and criminal complaints were imposed on many people.
SANCTION TO THE PHENOMENA OF THE SOCIAL NETWORKS
According to the statement issued by the CMB, it was decided to impose a temporary transaction ban for 6 months on posts made on the Twitter account @birarifin (Uncle Aslan) and on the account of the user Barbaros Arif Nacaroğlu. The statement made reference to the article of the law on “application of misleading information and speech in operations carried out in the stock market.”
According to the statement, it was decided to impose a temporary trading ban for 6 months on Nedim Erol, who shared the posts on his Twitter account @rotasizborsacı (Rotaless Stockbroker). In the statement, user Klimasan Klima Sanayi sees Ticaret A.Ş. Suspicions about the use of misleading information in transactions were included.
The WBC also fined Tahir Göze TL 907,000 for selling after giving buy or hold advice to his followers on Aksa Energy and Teknosa shares on his Twitter account @borsa_analiz_1.
In the SPK statement on the subject the following statements were made:
“Aksa Energy Generation Inc. transactions carried out in the stock market between 08.18.2022 and 09.05.2022 and Teknosa İç ve Dış Ticaret A.Ş. As a result of the examination carried out regarding the operations carried out in the stock market between 08.18.2022 and 10.13.2022, it was resolved to impose an administrative fine.
Pamel Renewable Electricity Generation Inc. (PAMEL) citizens Hasan Göçmen and Eyüp Başka were banned from listing on the stock market for six months.
ACCESS TO WEBSITES
The WBC has also initiated a process to block access to websites found to have leveraged foreign transactions for individuals residing in Turkey. CMB took steps to block access to 31 websites in total.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
