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How is the identity of the investor unknown? Is it that Turkey is very lax on identification requirements and no one really knows who this is? Or, is it the cas
by losvedir 11y ago
How is the identity of the investor unknown? Is it that Turkey is very lax on identification requirements and no one really knows who this is? Or, is it the case that someone (the brokerage, I guess) knows, but it's private information?
- therein 11y agoIt sounds like it is the latter. The company they mention in the article (Yatirim Finansman) literally translates to "Investment Financing". A name so generic that it just has to be a front. The article points out how this was a small volume brokerage firm that suddenly started executing this entity's trades and started dominating the market in terms of volume.
- coverband 11y agoMaybe the name sounds generic because of this: "Yatırım Finansman (YF Securities), Turkey's first brokerage house, was founded on October 15, 1976 by 13 major banks led by Isbank and the Industrial Development Bank of Turkey (TSKB)."[+] [+] http://www.yf.com.tr/YF/en/about-us/yf-securities-in-brief.aspx http://www.yf.com.tr/YF/en/about-us/yf-securities-in-brief.a...
- therein 11y agoVery interesting. That's more than enough to at least make them a legitimate financial entity. I wonder how much control the government has over YF at this point in time.