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2026-09-17 14:40:09
[Turkish regulators take action: Dozens banned from trading, fund managers banned for two years, fund redemption defaults trigger stock market crash] (1) Turkey’s market regulator has imposed trading bans on dozens of people and imposed two-year trading bans on asset managers suspected of manipulating stock prices; these managers are at the heart of the turmoil shaking the country’s investment fund industry. (2) The Turkish Capital Markets Committee said Wednesday night that it had filed criminal complaints against some fund managers of Pusula Portfoy and Tera Portfoy and imposed two-year trading bans. (4) Meanwhile, Turkey’s Financial Stability Committee met Thursday morning to assess the issue of redemption defaults in the fund industry, which has led to the stock market crash this week. (5) The committee, chaired by the Minister of Finance and Financial Affairs, met at 8 a.m. in Ankara. This followed a 5.5% drop in the Istanbul Stock Exchange 100 index on Wednesday.
