On established facts of bond market manipulation by Alexey Grishin and Denis Grishin
The Bank of Russia established facts of market manipulation by Alexey P. Grishin and Denis P. Grishin in a number of bonds, during trading on PJSC Moscow Exchange in the period from 21 January 2016 through 12 February 2016.
The investigation established a series of transactions conducted between Alexey P. Grishin and Denis P. Grishin in the main trading mode on Moscow Exchange on the basis of matched orders with their price and volume being mainly identical, time lags between the orders being minor This trading behaviour is evident of collusion between Alexey P. Grishin and Denis P. Grishin.
Alexey P. Grishin and Denis P. Grishin concluded transactions with the bonds of the following entities: LLC DeloPorts Series 01, LLC Kuzbassenergo-Finans Series 02, JSC PKT Series 01; with exchange-traded bonds of the following entities: LLC RSG Finans Series БО-01, PJSC Irkut Corporation Series БО-04; government bonds of the Smolensk Region issued in 2013 (further jointly referred to as the Bonds). These transactions resulted in substantial deviations in dealing in the Bonds.
According to Federal Law No.
The Bank of Russia took a set of measures to put an end to the violations of the Federal Law by Alexey P. Grishin and Denis P. Grishin, including the blocking of their trading accounts until all circumstances and causes of their unlawful acts have been investigated.
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