Fraud warning from CMB to fund investors
CMB called for caution against fraud attempts targeting investors through liquidated funds.
Quick Look
- The Capital Markets Board warned against fraudsters who reach out to investors in liquidated or closed funds and demand money with the promise of payment.
- The board stated that no fees or information requests were made and called on investors to be careful.
AI-generated summary
Why It Matters
CMB stated that fund investors who were liquidated or closed to transactions in TEFAS were targeted.
The Capital Markets Board (CMB) made a statement regarding the recent fraud attempts targeting fund investors.
According to the Board's statement, it was determined that people who had investments in the funds that were decided to be liquidated and the funds that were closed to trading in Turkey Electronic Fund Trading Platform (TEFAS) and non-TEFAS distribution channels were reached via phone, text message and social media.
It has been reported that these initiatives attempt to gain financial benefit by making false promises to investors that payment processes can be mediated, payments can be accelerated or priority can be provided.
CMB emphasized that the payment processes for the funds in question are carried out only by authorized institutions within the framework of the relevant legislation. In the statement, it was stated that in these processes, there is no request for any fee, commission or expense from investors or their identity and bank information.
Noting that investors should only follow official statements for up-to-date and accurate information regarding payments, the Board called for individuals and organizations that claim benefits with the claim of intermediation or priority not to be respected.
CMB stated that investors who encounter such fraud attempts should apply to law enforcement units or Chief Public Prosecutor's Office.
Open Questions
- What is the number of people reached by fraud attempts?
- Is there a number of people who have been victimized?
