Crime of Manipulation which is regulated in the Capital Market
Law No. 6362, is among the financial crimes. The legislator has
sentenced the crime of manipulation to protect individual and
institutional investors from market manipulations. Thus, deterrent
and effective enforcement mechanisms were envisaged in order to
ensure transparency and trust in the capital markets.
Capital Market
The capital market is a system in which financial intermediaries
are used to transfer the funds of the savers to those who request
funds. Fund demanders and fund suppliers establish relations
through capital market institutions. The crime of manipulation
regulated in Article 107 of the Law No. 6362 primarily regulates
the abuse of capital market instruments. A general definition of
capital market instruments is regulated in Article 3 of the Capital
Market Law as "other capital market instruments determined by
the Board to be within this scope, including securities and
derivative
