Capital Markets Board Takes New Step in Fund Investigation: Refund Accounts Opened for Excessive Profits.
24 Articles
24 Articles
The Capital Markets Board (SPK) announced the opening of special accounts to facilitate the voluntary return of excessive gains from investment funds and publicly traded shares under liquidation. While separate accounts were created for each investment fund to return gains from the sale of its units prior to liquidation, a general return account was also opened for gains from publicly traded shares.
The Capital Markets Board announced the opening of "Voluntary Refund Accounts" for those who made "excessive profits" from sales of investment funds under liquidation before the liquidation decision and who wish to return this amount voluntarily.
Bloomberg reported that Turkey has implemented an unusual method to overcome the crisis in its capital markets, which has deepened with the liquidation of more than 100 investment funds. The agency stated that the Capital Markets Board (SPK) has called on investors who made huge profits to voluntarily return their earnings to special accounts at Birleşik Fon Bankası, that an urgent payment schedule has been prepared for small portfolios under 1 …
The Capital Markets Board (SPK) has taken action against those who made exorbitant profits from liquidated funds. In this context, ‘Optional Refund Accounts’ and a ‘General Share Refund Account’ have been opened. The refunded amounts will be used to compensate victims for their losses. Here are the fund refund accounts published by the SPK...
The Capital Markets Board (SPK) announced that "Voluntary Refund Accounts" have been opened for each investment fund undergoing liquidation, allowing those who have made excessive profits to voluntarily return these profits. These refunds will be used to make payments to the fund's unit holders as part of the liquidation process. According to the SPK's statement, in accordance with Law No. 6362 on Capital Markets and related legislation, new ac…
The Capital Markets Board opened accounts for those who "obtained excessive profits in the funds under investigation and wish to return these profits to the relevant fund voluntarily."
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