Facts of market manipulation during securities trading by Dmitry Sharchilev established
The Bank of Russia has carried out an investigation for compliance with the requirements of Federal Law No.
Dmitry Sharchilev had access to and issued orders for securities transactions on the following brokerage accounts (hereinafter collectively, controlled accounts):
- his own account;
- an account of Aviafinans LLC (TIN 7731508709) (access based on the power of attorney);
- accounts of Management Company Analytical Centre JSC (TIN 7714243273) (hereinafter, the Management Company) as the trustee of the pension savings and pension reserves of JSC NSPF DIF (access as Deputy Director General — Head of the Asset Management Department of the Management Company).
As a result of these circumstances, Dmitry Sharchilev regularly conducted coordinated operations on the controlled accounts, including those causing significant deviations in the trading parameters of such securities, to achieve a positive financial result on his own account by using assets in the accounts of the Management Company and Aviafinans LLC in order to form predictable price movements in on-exchange trading for certain securities.
As a result of these operations on his own brokerage account, Dmitry Sharchilev obtained undue income.
According to the findings of the investigation, Dmitry Sharchilev’s operations qualify as market manipulation according to Clause 2 of Part 1 of Article 5 of the Federal Law, which is a violation of the prohibition stipulated by Part 2 of Article 6 of the Federal Law.
The Bank of Russia has sent orders to the persons involved in market manipulation to cease and desist from similar violations in the future.
The Bank of Russia has sent the documents on the investigation to the law enforcement bodies.
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