Claim: Turquoise Partners has a majority stake in a fully licensed Iranian brokerage company, Firouzeh launched "Turquoise TSE 30 Iran Index ETF and it is Iran's first index ETF.
Evidence: Turquoise has a majority stake in a fully licensed Iranian brokerage company, Firouzeh Asia Brokerage, which offers services such as trading, online trading and wealth management to both local and foreign clients. In February 2015, Firouzeh launched "Turquoise TSE 30 Iran Index ETF", which will be mirroring the TSE 30 index which covers the top 30 largest companies by market capitalization on the Tehran Stock Exchange. It is Iran's first index ETF.