Türkiye’s Capital Markets Board, known as the SPK, decided to file criminal complaints against 21 people following an examination of transactions in shares of Odine Solutions Teknoloji Ticaret ve Sanayi AŞ, traded under the ODINE code. The regulator’s weekly bulletin numbered 2026/69, dated October 7, 2026, also imposed a two-year trading ban on the same individuals.
The official bulletin says the decisions resulted from an examination of transactions in the ODINE equity market. The SPK stated that the conduct behind the complaints was assessed under Article 107/1 of Capital Markets Law No. 6362. These measures are part of administrative and legal proceedings; they do not constitute a final court judgment finding any individual guilty.
Two-year trading restriction
According to the bulletin, the regulator also applied restrictions under Article 101 of the Capital Markets Law and relevant provisions of Communiqué V-101.1 on measures used in insider-trading and market-manipulation examinations. The restriction bars the 21 people from trading on stock exchanges and other organized markets for two years.
The SPK separately decided that all capital-markets licenses held by 16 of the people named in the complaints would be cancelled for the duration of the trading ban. The bulletin listed the license action in a separate section. Independent reports by Sözcü and Cumhuriyet matched the official document on the number of people, the two-year restriction and the license measure affecting 16 individuals.
Bulletin explains an effective-remorse procedure
The regulator’s document also described the procedure connected to the effective-remorse provision in Article 107/3 of the law. Under the published terms, a person seeking to benefit from that provision must pay twice the amount of the benefit obtained or caused, with a minimum payment of 500,000 Turkish lira. The payment must be made to an account of the Treasury and Finance Ministry within 15 days of the board decision, and the relevant documents must be submitted to the SPK within the same period.
The provision describes a legally conditional mechanism and does not produce an automatic outcome for every person. The bulletin included technical payment and filing details. Sensitive data shown in the regulator’s tables, including masked identity and registry information, is not reproduced in this article.
Other decisions in bulletin 2026/69
The weekly bulletin covers more than the ODINE examination. In the same document, the SPK published decisions on debt-instrument issuance ceilings, new operating permissions, fund mergers and several corporate applications. The criminal-complaint and precautionary measures connected to ODINE were nevertheless among the most closely watched items.
The decision does not announce a conviction of the company or a final criminal penalty. It records the regulator’s administrative decisions to submit complaints against specified individuals and apply protective measures in capital markets. Any final assessment of criminal responsibility will depend on the relevant judicial process.
For market participants, the immediate practical effect is the two-year trading restriction described by the SPK and the simultaneous license cancellation affecting 16 license holders. The regulator’s bulletin is the primary source for the scope of those measures and the legal provisions cited.
This report is not investment advice. Investors following ODINE shares or related enforcement action should consult the SPK’s official bulletin and any disclosures published through Türkiye’s Public Disclosure Platform. Headlines about a criminal complaint should also be read carefully: a complaint opens or advances a legal process, while guilt can only be determined through due process and a final judgment.
