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TURKEY - In Brief 26 Jun 2013 by Atilla Yesilada

Capital Markets Board launched a sweeping probe of all brokers to see whether manipulative trades have taken place during the Gezi Park crash.  I talked to several people in the financial community and this is true. CMP even asked for private e-mails and phone records as well as bank account nrs of traders.  Moreover research reports have also being considered evidence.  Very deep fear in the financial community, but of course nobody dares to say anything.     This could just be scare tactic to “discipline” the market which has been largely supportive of Gezi Park, but actual indictments are a possibility. Watch out !

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