ISTANBUL

Turkey’s capital markets watchdog imposed fines totaling 26.4 million Turkish liras ($3.25 million) on 10 foreign financial firms for unlawful short selling transactions.

According to a Capital Markets Board (SPK) statement, Credit Suisse Securities Europe Limited was fined $960,500, Barclays Capital Securities Limited $867,600 and Merrill Lynch BofA International was fine $778,300.

The other companies fined were Wood and Company Financial Services AS ($173,750), J.P. Morgan Securities PLC ($147.750), Goldman Sachs International ($107,200), Moon Capital Master Fund and Renaissance Capital Limited (both $72,250), UBS AG London Branch, ($40,500) HSBC Bank PLC2 ($23,000).

SPK stated that the firms did not notify the brokerage house that their transactions were short selling while issuing their orders.

Copyright 2021 Anadolu Agency. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.