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JPMorgan's Turkish Brokerage Unit to Surrender Operating License

JPMorgan's Turkish Brokerage Unit to Surrender Operating License

MT newswireMT newswire2026/10/21 15:37
11:37 AM EDT, 10/21/2026 (MT Newswires) -- JPMorgan Chase's (JPM) Turkish brokerage unit will ask Turkey's Capital Markets Board to cancel its operating license, ending its work as a broker-dealer, the Capital Markets Board said Wednesday. If the regulator approves, the unit will dissolve or change its activities and lose its status as an intermediary institution, the authority said. Customers who claim money or holdings tied to the unit's investment services have three months to file court records, it said. Price: 333.39, Change: -1.87, Percent Change: -0.56
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