US EditionTurkey Vows Tougher Action on Market Manipulation by Investment Funds - Turkish Minute
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Turkey vows tougher action on market manipulation by investment funds - Turkish Minute
Turkey will impose tougher penalties and new regulations to curb market manipulation by “certain” investment funds, Finance Minister Mehmet Şimşek said Tuesday in a warning to the country’s financial sector. Speaking at the Turkish Capital Markets Congress in İstanbul, Şimşek said authorities had detected manipulative trading activity and gaps in oversight. “We know these manipulations are being carried out, especially through certain funds, and…
Treasury and Finance Minister Mehmet Şimşek said, "We know that manipulation is taking place through some funds." Şimşek stated that they would escalate the fight against manipulation beyond the fight against the informal economy.
Treasury and Finance Minister Mehmet Şimşek made important statements about the economy at the Turkish Capital Markets Congress. Emphasizing that the downward trend in inflation continues, Şimşek revealed that they are aware of manipulations being carried out through certain funds, saying, "The level of the fight will exceed even the fight against the informal economy." He announced that capital markets will deepen with disinflation and that str…
Minister Şimşek: We know that some funds are being manipulated.
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