Business · Companies · 7 hrs ago
Turkey revokes Tera Yatırım’s licences and orders its gradual liquidation
Turkey’s Capital Markets Board revoked all operating licences held by Tera Yatırım Menkul Değerler and cancelled its authorization document.
The decision concerns the Turkish investment firm and its activities in the country’s capital markets.
The board said the company would be gradually liquidated and its investors compensated.
It also imposed two-year trading bans on 51 people and four companies, including Tera Yatırım and two other Tera firms.
The board ordered criminal complaints against 50 people and the cancellation of 31 people’s licences.
It also began legal steps to block access to five websites accused of operating without authorization in capital markets.
The decision sets out the company’s liquidation and investor compensation, but gives no further timetable.
Turkey’s Capital Markets Board revoked all operating licences and the authorisation certificate of Tera Yatırım Menkul Değerler AŞ.
The board ordered the company’s investors to be compensated and the brokerage to enter gradual liquidation.
It also decided to file criminal complaints against 50 individuals and impose trading bans on 51 individuals and four companies.
The board revoked the licences of 31 people and began legal steps to block access to five websites.
The board approved a request to raise Piramit Menkul Kıymetler AŞ’s capital from 300 million to 500 million lira.
- Who
- Turkey’s Capital Markets Board (SPK) and Tera Yatırım Menkul Değerler AŞ.
- What
- The board revoked Tera Yatırım’s operating licences and authorisation certificate, ordered investor compensation and gradual liquidation.
- When
- October 27, 2026.
- Where
- Not stated.
- Why
- The board acted under Article 97(1) of the Capital Markets Law.
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- Operating licences
- All Tera Yatırım Menkul Değerler AŞ licences revoked
- Liquidation
- Gradual liquidation ordered
- Investor compensation
- Ordered for Tera Yatırım’s investors
- Criminal complaints
- 50 individuals
- Trading bans
- 51 individuals and four companies
- Capital increase
- Piramit Menkul Kıymetler AŞ: 300 million to 500 million lira