SPK revoked all business licences and authorisation certificates of Tera Yatırım Menkul Değerler A.Ş. and decided to compensate investors and place the company into gradual liquidation. Sanctions against related individuals and legal entities and proceedings to block illegal websites will also be pursued.
The Capital Markets Board (SPK) formally revoked all business licences and authorisation certificates of Tera Yatırım Menkul Değerler A.Ş. and decided to compensate investors and place the brokerage firm into gradual liquidation.
In its bulletin, SPK filed criminal referrals against 50 individuals under Article 97, Paragraph 1, imposed trading bans on 51 individuals and 4 legal entities, and revoked the licences of 31 people.
SPK also decided to initiate legal proceedings to block access to 5 websites, including globalalnusyatirim.com and the matrix5 application.
Under the related decisions, it was also announced that Piramit Menkul Kıymetler A.Ş.’s capital would be increased from TRY 300 million to TRY 500 million.