JPMorgan's Turkey Unit to Seek Cancellation of Brokerage License

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J.P. Morgan Securities Inc., one of the world's largest US-based investment banks, is preparing to apply to the Capital Markets Board (SPK) for the cancellation of its capital market operating license. If the application is accepted by the Board, the company will cease its capital market activities.

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JP Morgan Securities Inc. announced that it will apply to the Capital Markets Board (SPK) to request the cancellation of its operating license in Türkiye.

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JP Morgan Securities Inc. announced that it will apply to the Capital Markets Board (SPK) for the cancellation of its operating license in Türkiye. If the application is accepted, the company will lose its brokerage status; clients will be required to submit documents regarding their rights and receivables to the company and the SPK within 3 months.

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J.P. Morgan Securities will apply to the Capital Markets Board (SPK) for the cancellation of its operating license. If the application is approved, the company will cease its capital market activities and lose its brokerage status.