
AI-generated summary
CMB conducted an investigation on the persons and affiliated companies responsible for the market transactions related to Tera Financial Investments Holding and as a result decided to impose sanctions.
As a result of the investigation made about Tera Financial Investments Holding, CMB, Emre Tezmen, Emir Münir Sarpyener, Abdülkadir Özkan, Kerem Alkin, Kadir Boy, Erdin Özel, Ethem Umut Beytorun, Emre Alkin, Haldun Saffet İnal, Ecem Tuğçe Akçay, Bülent Uygun, İbrahim Bekçi, Okan Uzunoğlu, Furkan Açar, Mehmet Selim Tunçbilek, Adem Karatepe, Rüstem. Karakaya, Ali Cesur, Anıl Tokat, Mustafa Zeki Kayahan, Sibel Gökalp, Şemsihan Karaca, Ömer Eryılmaz, Mehmet Nuri Gökalp, Neda Soydan, Ayşe Seher Aydın, Enes Yazıcı, Feryal Köker, Müjdat Ede, Nilgül Sarıçalı, Oğuzhan Özerkaya, Onur Göğebakan, Orçun Berkay Kaya, Ahmet Özcan, Halil İbrahim Ege decided to file criminal complaints against Muhammed Yarız and Sezai Bekgöz.
2 YEAR TRANSACTION PROHIBITION
The Board decided to impose a 2-year ban on trading in the Stock Exchange and other organized markets on the 37 people in question who were responsible for the transactions carried out in the Tera Finansal Yatırımlar Holding AŞ share market, as well as Tera Yatırım Menkul Değerler AŞ and Tera Portföy Yönetimi AŞ. CMB also includes Emir Münir Sarpyener, Ethem Umut Beytorun, Ecem Tuğçe Akçay, Bülent Uygun, İbrahim Bekçi, Okan Uzunoğlu, Furkan Açar, Mehmet Selim Tunçbilek, Adem Karatepe, Ali Cesur, Anıl Tokat, Mustafa Zeki Kayahan, Ömer Eryılmaz, Mehmet Nuri Gökalp, Ayşe Seher Aydın, Enes Yazıcı, Feryal Köker, Müjdat. Ede ruled that the licenses and authorization certificates of Nilgül Sarıçalı, Oğuzhan Özerkaya, Onur Göğebakan, Orçun Berkay Kaya, Ahmet Özcan and Sezai Bekgöz be canceled.
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While the fund investigation in Türkiye continues, economist Muhammet Bayram explained the process of selling fund assets, paying debts and calculating the net liquidation value and paying money to investors. It was emphasized that it would not be financed by taxes.
As a result of the investigation of Tera Financial Investments Holding, the Capital Markets Board decided to file a criminal complaint against 37 people and impose a 2-year transaction ban on these people, Tera Investment and Tera Portföy.

In its weekly bulletin dated September 28, 2026, the Capital Markets Board announced that it imposed a transaction ban on 32 people, license cancellation on 24 people, and a transaction ban on 2 legal entities, as a result of the audits and investigations regarding the transactions made in the Tera Finansal Yatırımlar Holding AŞ (TRHOL) share market. 32 people against whom a criminal complaint decision was made and 32 people with a transaction ban were listed.

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