Tuesday, 18 May 2021 08:50 GMT

Turkey charges 10 foreign companies for unlawful short deals

( MENAFN )Turkey's capital markets regulator forced charges hit 26.4 million Turkish liras (USD3.25 million) on 10 foreign financial companies for unlawful short selling deals.
Credit Suisse Securities Europe Limited was charged USD960,500, Barclays Capital Securities Limited USD867,600 and Merrill Lynch BofA International was charged USD778,300, according to a Capital Markets Board (SPK) report.
The other firms charged were Wood and Company Financial Services AS (USD173,750), J.P. Morgan Securities PLC (USD147.750), Goldman Sachs International (USD107,200), Moon Capital Master Fund and Renaissance Capital Limited (both USD72,250), UBS AG London Branch, (USD40,500) HSBC Bank PLC2 (USD23,000).

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