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Ethical Violations: Insider Trading and Market Fraud in the Turkish Capital Markets

Table 1: Measures to be Applied in Insider Trading and Market Fraud Investigations

Prohibition of making Transactions (Art. 5) Prohibition of Temporary Transactions (Art.6) Prohibition of Permanent Transactions (Art.7)
Natural and legal entities with reasonable suspicion are prohibited from trading on stock exchanges.Since they commit acts of insider trading and market fraud, natural and legal entities file a criminal complaint with the Office of the Chief Public Prosecutor, and they are prohibited from trading on the stock exchanges.If natural and legal entities who have been banned from trading continue to act in the accounts of others, those who have their accounts used may be banned from trading on the stock exchanges. A temporary 6-month ban on trading is imposed.Since they commit acts of insider trading and market fraud, natural and legal entities file a criminal complaint with the Office of the Chief Public Prosecutor, and they are temporarily banned from trading in the stock exchanges for 2 years. Since natural and legal entities who are prohibited from making transactions proceed their acts on the account of others, a criminal complaint is filed with the Office of the Chief Public Prosecutor and a permanent ban is imposed for 5 years.
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