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

Table 3: Reasons for Insider trading and Market Fraud Crimes in the Capital Markets and Sanctions Imposed (between 2019-2021)

Content of The Crime Reason of The Action Sanction Sanction Sanction
Year 2021 Year 2020 Year 2019
6 Months Ban on Transaction Criminal Complaint and 2-Year Prohibition 6 Months Ban on Transaction Criminal Complaint and 2-Year Prohibition 6 Months Ban on Transaction Criminal Complaint and 2-Year Prohibition
Insider trading and transaction-based market fraud crimes Transactions in the equity market 10 4 10 8 1 31
Information based market fraud crime Actions that will influence the decisions of investors from social media accounts 7 - 7 - - -
Insider trading Actions that will influence investors decisions - - 2 2 - 5
Information based market fraud crime Giving misleading information - - - - - 1
Total 17 4 19 10 1 37
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