Business · Markets · 6 hrs ago
Turkey’s markets watchdog orders bans and complaints over two stocks
Turkey’s Capital Markets Board ordered complaints over trades in two stocks listed on Borsa Istanbul: Altınkılıç Gıda and Anel Elektrik.
The board said its reviews found grounds to seek criminal complaints under a law covering market fraud; the complaints are not convictions.
It ordered two-year trading bans for people and companies linked to the trades, and suspended some individuals’ market licences for the same period.
The reports agree that eight people face complaints over Altınkılıç shares, but differ on the Anel Elektrik count: one says 48 and the other says 46.
The board also said people named in the complaints can seek leniency by paying at least 500,000 lira, or twice the benefit involved if higher, within 15 days of its decision.
The next step for those seeking leniency is to pay and send proof to the board within that deadline.
Turkey’s Capital Markets Board ordered trading bans and license cancellations after reviewing transactions in shares of Altınkılıç Gıda and Anel Elektrik.
The board said 48 individuals would face criminal complaints and trading bans, and that 28 people would lose their licenses during the ban period.
Five companies were also named for trading bans: four Tera entities and Century City Securities.
Sabah reported a two-year duration for the bans; Habertürk reported 46 people facing complaints over Anel Elektrik, while Sabah reported 48.
- Who
- Turkey’s Capital Markets Board (SPK) issued the decisions. They affect individuals and five companies.
- What
- The board ordered criminal complaints, trading bans and license cancellations related to transactions in two stocks.
- When
- The decisions were reported on October 22, 2026.
- Where
- The decisions concern share-market transactions in Altınkılıç Gıda and Anel Elektrik, traded on Borsa İstanbul.
- Why
- The board said the decisions followed reviews of transactions in the two companies’ shares.
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- Individuals facing criminal complaints
- 48, according to Sabah, Dünya and Bloomberg HT
- Anel Elektrik complaints
- 48 reported by Sabah; 46 reported by Habertürk
- License cancellations
- 28 individuals
- Trading ban duration
- Two years, according to Sabah and Habertürk
- Companies named for bans
- Tera Portföy Yönetimi; Tera Yatırım Menkul Değerler; Tera Yatırım Bankası; Tera Yatırım Holding; Century City Securities SA
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What people are saying
Altınkılıç Gıda ve Süt Sanayi Ticaret AŞ (ALKLC) hakkında yapılan inceleme sonucunda, aşağıdaki tabloda yer alan suç duyurularının yapılmasına karar verilmiştir.