Question 5- Assume you possess a very significant (rather material) private (not publicly available) information about the profit expectations of a company whose shares are being traded at the Borsa stanbul. It is very clear that the information you possess is going to have a significant effect on the price of the shares once it is disclosed to the public. You acquired the information accidentally when your uncle has been talking on the phone to one of his colleagues. You decided to buy the shares of that company expecting that the information will be disclosed immediately after your buy order is executed and you will make a handsome profit over that information.

a) May you be committing a crime described in the Turkish Capital Markets Law?

(If your answer is no to this question, assume you are committing trade manipulation as a crime stated in the Turkish Capital Markets Law and answer the following questions in (c) and (d), assuming that your crime is trade manipulation.)

b) If your answer is yes to the previous question, what crime would that be?

c) As for the crime you may be committing, describe the requirements for the crime (required items to substantiate your act as a crime) as described in the Capital Markets Law.

d) Comment on your act and base your actions to be affirmed as a crime in terms of the items described in Capital Markets Law.