Ali, Chairman of the Capital Markets Board (SPK) Fuat Taşkesenlioğlu warned individual investors against manipulative posts in digital media.
Speaking at the Tuesday session of the Turkish Capital Markets Congress, Taşkesenlioğlu said, “With the development of digital channels, we observe an increase in attempts to manipulate the market, especially through social media.” said.
The capital market, where manipulative shares have multiplied, has increased in the last few years. number of investors and trading volume also saw growth. The total number of investors in the markets in two years as it doubles, especially in the age range of 20-34 number of young investors more than quadruple growth was recorded.
Some individual investors“It makes transactions by respecting anonymous accounts on social media with the dream of high profits in the short term” Chairman of the Capital Markets Board, “Our investors should increase their financial literacy; themselves solely responsible should know.” said.
The Capital Markets Board, which responds to market-distorting actions through surveillance and audit, has taken these transactions in total in 2018-2019. 49 million lira fines, this number totals in 2020 and 2021. 265 million liras output.
Taşkesenlioğlu touched upon the responsibilities of intermediary institutions in the protection of individual investors. “to develop research and analysis units” and investors “accurate, consistent and qualified reports” urged to present.
Image: Ali Fuat Taşkesenlioğlu, SPK, image modified by Koin Bulletin
