SPK Imposes Sanctions on Transactions in Two Companies' Share Markets
The Capital Markets Board decided to file criminal complaints against a total of 37 individuals due to transactions in Vişne Madencilik and Işıklar Enerji share markets, and imposed a 2-year trading ban on the relevant institutions and individuals.
In its bulletin dated October 16, 2026, the Capital Markets Board (CMB) announced that criminal complaints would be filed against 37 individuals due to transactions in Vişne Madencilik and Işıklar Enerji share markets, and a 2-year trading ban was imposed on the relevant individuals and entities.
According to the CMB bulletin, decisions for criminal complaints were made regarding 22 individuals in connection with transactions in the share market of Vişne Madencilik Üretim Sanayi ve Ticaret AŞ (VSNMD), and 15 individuals concerning transactions in the share market of Işıklar Enerji ve Yapı Holding AŞ (IEYHO). The decisions were implemented within the framework of the first paragraph of Article 107 of the Capital Markets Law No. 6362.
In connection with the transactions in the Vişne Madencilik share market, a 2-year trading ban was imposed on Tera Yatırım Menkul Değerler AŞ and Tera Portföy Yönetimi AŞ, as well as the individuals and entities specified in the table, limited to the transactions they carried out on their own behalf and account. A similar 2-year trading ban was decided for Alnus Yatırım Menkul Değerler AŞ and related persons due to transactions in the Işıklar Enerji share market.
While it was decided that the previous 6-month temporary trading bans applied to 3 individuals would be deducted from the new ban period, the licenses of some individuals subject to criminal complaints due to transactions in the share markets of both companies were also revoked during the trading ban period.