CMB warns fund investors about fraud: They try to trap them with payment promises

Turkey’s Capital Markets Board (SPK) warned investors in mutual funds that have been liquidated or closed to trading about fraudulent approaches by phone, text message and social media. The regulator said intermediaries are seeking to profit by promising to speed up payments and give priority to investors awaiting redemptions. The warning matters because fund closures can leave retail investors waiting for returns, creating room for third parties to charge for faster access. Investors should verify that any payment-related communication comes from the fund or an authorized intermediary rather than an unsolicited caller or message.