Morgan Stanley Borsa Pulls Out of Istanbul Amid Manipulation Claims
Morgan Stanley’s Activity Permit Renunciation Application Denied by Turkish Authorities
In a recent statement released by DMM’s social media account, it was revealed that Morgan Stanley had previously applied for the renunciation of their current activity permits. However, the application was ultimately denied by the Capital Markets Board of the Capital Markets Board.
The statement went on to explain that the Darled Authorized Corporate Institution Certificate held by Morgan Stanley was also canceled, leading to the Board of Directors of Borsa Istanbul issuing a decision to remove them from stock market membership on March 12, 2025.
It was noted in the statement that Morgan Stanley AŞ had not been actively mediating in Borsa Istanbul for many years. The claim made by Morgan Stanley that the application for waiver was a result of current developments in the country was refuted, with the statement declaring that such a reasoning does not align with the truth.
The denial of Morgan Stanley’s application for renunciation of their activity permits by Turkish authorities raises questions about the future involvement of the financial institution in the Turkish market. Stay tuned for further updates on this developing story.
