Turkey's market authority fines 19 people 2 bln lira over Peker REIT trades
Turkey's Capital Markets Board imposed fines totalling around 2 billion lira ($47 million) on 19 people for market-disruptive transactions in shares of Peker Gayrimenkul Yatirim Ortakligi, according to its weekly bulletin.
By Reuters |
Turkey's Capital Markets Board imposed fines totalling around 2 billion lira ($47 million) on 19 people for market-disruptive transactions in shares of Peker Gayrimenkul Yatirim Ortakligi, according to its weekly bulletin.
The regulator said it also filed criminal complaints against numerous individuals deemed responsible for transactions in shares of Ray Sigorta, Euro Trend Yatirim Ortakliği , Global Menkul Degerler and Pamel Yenilenebilir Elektrik Uretim.
Peker REIT (real estate investment trust) said in a statement that its legal entity has no direct or indirect connection with the transactions or the administrative sanctions.
Shares in Peker REIT were down 0.8% at 0713 GMT. Company's stocks started this year at 1.28 lira per share and is now trading around 14 lira.
($1 = 42.7690 liras)
The regulator said it also filed criminal complaints against numerous individuals deemed responsible for transactions in shares of Ray Sigorta, Euro Trend Yatirim Ortakliği , Global Menkul Degerler and Pamel Yenilenebilir Elektrik Uretim.
Peker REIT (real estate investment trust) said in a statement that its legal entity has no direct or indirect connection with the transactions or the administrative sanctions.
Shares in Peker REIT were down 0.8% at 0713 GMT. Company's stocks started this year at 1.28 lira per share and is now trading around 14 lira.
($1 = 42.7690 liras)
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