Friday 4 January 2013

Financial punditry reportedly criminalised in Turkey | FT Alphaville

Bloomberg states that Turkey’s new Capital Markets Law, enacted at the turn of the year, promises harsh punishment for…

“those who provide untruthful, wrong or misleading information, start rumors, or provide news, commentary, or prepare reports with the intention of influencing prices, values of capital markets instruments or investor decisions.”

So, listen up strategists and analysts: if you think your wise words might influence Turkish asset prices then you may well be in breach of the law.

Apparently, SocGen has already ceased commentary on Turkey while it reviews the new legislation.

But perhaps something has been lost in translation here. No further details were available at the Capital Markets Board of Turkey at pixel time.End

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