New regulations and investigations on social media and digital platforms
While judicial investigations have been launched against accounts directing investors, rules for advertising activities have been clarified and global networks have taken steps to appoint representatives.
The Bakırköy Chief Public Prosecutor's Office has opened an investigation against those manipulating the market via social media, while the Ministry of Trade has published a new guide for influencers and Facebook has decided to appoint a representative in Turkey.
Investigation into Market Manipulation
The Bakırköy Chief Public Prosecutor's Office has launched an official investigation into the owners of accounts producing misleading content on social media with the aim of affecting capital market instrument prices and investor decisions.
Influencer Guide from the Ministry of Trade
The Ministry of Trade has published a comprehensive guide outlining the mandatory obligations to be complied with regarding commercial advertisements and unfair commercial practices carried out by social media influencers.
Facebook's Decision to Appoint a Representative
In line with the newly enacted regulations, the social media platform Facebook shared with the public its decision to initiate the process of appointing a legal entity as its representative in Turkey.