SPK Decision for Liquidation of Tera Yatırım and Market Fraud Sanctions

With its bulletin dated October 27, 2026, the Capital Markets Board (CMB) has enacted comprehensive sanction decisions against market fraud. While all operating licenses and the authorization certificate of Tera Yatırım Menkul Değerler AŞ were revoked and its gradual liquidation was initiated, criminal complaints were filed and trading bans were imposed on individuals who engaged in irregular transactions in the equity markets of three different companies.

According to the bulletin published by the Capital Markets Board, pursuant to the first paragraph of Article 97 of the Capital Markets Law No. 6362, all operating licenses and authorization certificates of Tera Yatırım Menkul Değerler AŞ were revoked. Within the framework of the decision, it was announced that investors will be compensated and the brokerage firm has entered a gradual liquidation process. On the other hand, as a result of examinations in the equity markets of Pasifik Eurasia Lojistik Dış Ticaret AŞ, Selçuk Ecza Deposu Ticaret ve Sanayi AŞ, and Manas Enerji Yönetimi Sanayi ve Ticaret AŞ, the crime of market fraud was detected, and it was decided to file criminal complaints with the prosecutor's office against dozens of individuals. It was stated that in order for the individuals subject to the criminal complaints to benefit from effective remorse, they must deposit double the amount of the benefit obtained into the account of the Ministry of Treasury and Finance within 15 days, and this amount cannot be less than 500 thousand Turkish Liras. In addition, a two-year trading ban was imposed on the stock exchanges against Aura Portföy Yönetimi AŞ, Tera Yatırım Menkul Değerler AŞ, MAG Tarımsal Ürünler Pazarlama ve Ticaret AŞ, and responsible individuals, and all capital market licenses of these persons were also suspended. Legal proceedings were also initiated to block access to websites and mobile applications ending with globalalnusyatirim, which were determined to operate without authorization, in order to protect investors.