Turkey’s Capital Markets Board (SPK) is a regulatory and supervisory public institution. The CMB determines the rules and principles regarding the fields of activity of the companies and companies that make investments and transactions in the capital markets, gives the necessary permissions and can impose various sanctions if necessary.. CMB made an important announcement early in the morning.. Investment consultancy, which the cryptocurrency industry is trying to find a solution for, warned about pump groups, in other words.
Capital Markets Board warns pump groups
The CMB made an announcement on pump groups via Twitter; Facebook, Twitter etc. states that they do not allow investment consultancy activities through their social media accounts as an institution.. CMB makes the following statement on the subject:
As a result of the surveillance and audit activities carried out by our Board, Facebook, Twitter, etc.. It is seen that investors are trying to be victimized through social media accounts without investment consultancy and similar capital market activity permission authorized by our Board.
Public Announcement https://t.co/kkZmtXwhhY
— SPK (@spkgovtr) December 20, 2018
Regulatory agency takes drastic measures on investment advisory
The regulator states that necessary regulations are made to prevent such activities and groups that provide unauthorized investment advisory will be punished with the following words: states:
Necessary legal actions are taken against those who commit the said acts and those who act together with them, which are not based on any reasonable economic and financial justification, and there are serious indications that they are completely aimed at deceiving and victimizing investors.
CMB , warns investors against such groups
Finally, in the CMB statement, it warns investors against such groups and advises them to be careful. The CMB makes the following statement on the subject:
In order to ensure that investors do not suffer any loss of rights or grievances, it is important not to disregard those who engage in such activities, whether through social media or other communication and communication channels. Respectfully announced to the public.