Turkey's market authority fines 19 people 2 bln lira over Peker REIT trades

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Turkey's Capital Markets Board imposed fines totalling around 2 billion lira ($47 million) on 19 people for market-disruptive transactions in shares of Peker Gayrimenkul Yatirim Ortakligi BIST:PEKGY, according to its weekly bulletin.The regulator said it also filed criminal complaints against numerous individuals deemed responsible for transactions in shares of Ray Sigorta BIST:RAYSG, Euro Trend Yatirim Ortakliği BIST:ETYAT, Global Menkul Degerler BIST:GLBMD and Pamel Yenilenebilir Elektrik Uretim BIST:PAMEL.Peker REIT (real estate investment trust) said in a statement that its legal entity has no direct or indirect connection with the transactions or the administrative sanctions.Shares in Peker REIT were down 0.8% at 0713 GMT. Company's stocks started this year at 1.28 lira per share and is now trading around 14 lira.($1 = 42.7690 liras)

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