CMB fined foreign banks last year for irregular short selling Author Reuters

© Reuters.

ISTANBUL, April 2 (Reuters) – The Capital Markets Board (CMB) fined 10 foreign investment banks and the fund a total of 26.4 million lira for illegal short selling in the stock market in July last year.

Investment banks and funds fined included Credit Suisse, Barclays, Merrill Lynch, JP Morgan, Goldman Sachs, UBS, HSBC, Wood and Company, Moon Capital, Renaissance Capital.

The fines were included in the CMB bulletin published yesterday evening.

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