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The Person Punished by the CMB Raised the Shares of a Company

The person punished by the CMB raised the shares of a company. The Capital Markets Board (CMB) had banned the person from trading for 6 months.

The Person Punished by the CMB Raised the Shares of a Company
Yazar: Eylem Özer

Yayınlanma: 15 Eylül 2020 14:33

Güncellenme: 22 Aralık 2024 11:33

The Person Punished by the CMB Raised the Shares of a Company The person punished by the CMB raised the shares of a company. The Capital Markets Board (CMB) had banned the person from trading for 6 months. The person, who was punished by the Capital Markets Board (CMB) with a 6-month transaction ban in July, doubled the shares of a company with his Twitter posts. According to a report published in Habertürk, the person named Hasan Meşe directed more than 400 thousand small investors who just started the stock market to certain shares and was punished by the CMB with a 6-month trading ban. However, it was understood that the person named Hasan Meşe continued to post on his Twitter account for referral purposes. As a result of a tweet from that account yesterday, the share value of a holding increased by 10 percent. Meşe, violating the CMB's ban, made the following posts before his Twitter account:
`` Tomorrow at 11 o'clock the new R&D is coming out of the oven. '' `` Whoever dreams does not sleep. ''
  Upon these tweets, questions began to pour from many accounts about which shares to position against. In his next post, Hasan Meşe, who attracted attention in this way, gave the expressions "... we are here for 6 months." With the information shared by Meşe, investors bought not only the named holding but also other shares affiliated to the group. After these acquisitions, the holding share, which gained 10 percent value, saw over 1 lira.   CMB Warned Against Manipulators   It is a known fact that the persons punished by the CMB with a transaction ban are prohibited from trading shares, making transactions on behalf of other persons. In the past, the CMB stated that manipulators first collected low price shares and they were speculating that the stock would rise and a lot of money could be made; proved that they were selling the shares to small investors at a high price. Stating that when a person said that 'the price of this share will increase', they actually aim to sell the share at a high price, CMB recommended that especially small investors should be careful about this issue.
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