ECONOMY

Turkey fines securities firms

turkey-fines-securities-firms

Turkey fined 10 securities firms up to 7.8 million lira ($1 million) in connection with irregularities in short-selling transactions, the country’s Capital Markets Board said in its weekly bulletin on Friday.

Fines of various amounts were imposed on firms including Merrill Lynch International, JP Morgan Securities, Goldman Sachs International, Credit Suisse Securities Europe and Barclays Capital Securities, the statement said. [Reuters]