Claim: Turquoise Partners has a majority stake in a fully licensed Middle Eastern brokerage company, produces a monthly electronic newsletter 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. Turquoise Partners produces a monthly electronic newsletter "Iran Investment Monthly" which provides the latest news on Iran's financial market and economy in English. It is Iran's first index ETF.