List of detected cases of the misuse of insider information and market manipulation (market abuse)
| № | Release date | Type | Marks | Instruments | Offenders | Period of activity | Measures taken |
|---|---|---|---|---|---|---|---|
| 50 | 17.12.2015 | Shares market manipulations | ZAO IC Energocapital (Investment company Energocapital CJSC) accomplished series of transactions on preliminary agreement with its customer OPEN TRADING LIMITED abusing the customer’s trading account to serve its own interests, which caused material variations in shares trading volume, demand and supply. The manipulations were aimed at, inter alios, achieving a certain volume of trades with OAO Lenenergo (Lenenergo LLC) shares and receiving awards from the issuer’s agent. | Ordinary and preferred shares of OAO Lenenergo (Lenenergo LLC) | ZAO IC Energocapital (Investment company Energocapital CJSC) | From September 2013 to June 2015 | The license authorizing professional activity in the securities market held by ZAO IC Energocapital (Investment company Energocapital CJSC) was revoked. |
| 49 | 10.12.2015 | Manipulations with investment units market | The trading activities in the market of investment units of the ZPIFN Rozhdestvensky (closed-end real estate unit investment fund Roshdestvensky) were almost entirely sustained by a group of interconnected entities/individuals: OOO IC-Talan (Talan IC LLC), OOO Dil-tag (Dil-tag LLC), Dmitry Anatolyevich Solntsev, OOO Romix (Romix LLC), ThayCtel LTD, OOO Tehnostroi (Tehnostroi LLC) and ZAO Energoinvest (Energoinvest CJSC). | Investment units of Roshdestvensky (closed-end real estate unit investment fund) | Talan IC LLC, Dil-tag LLC, Dmitry Anatolyevich Solntsev, Romix LLC, ThayCtel LTD, Tehnostroi LLC, Energoinvest CJSC | From August 2012 to February 2014 | The license authorizing professional activity in the securities market held by Talan IC LLC was revoked. Qualification certificates in financial markets held by Dmitry Anatolyevich Solntsev, Olga Vyacheslavovna Krokhina and Michail Vladimirovich Balovnitsev were cancelled. Orders were issued to Romix LLC, ZAO IK Midland (Investment company Midland CJSC) (legal successor of Energoinvest CJSC, OOO Flash (Flash LLC) (legal successor of Tehnostroi LLC), Dil-tag LLC, ThayCtel LTD to refrain from similar unlawful activity in the future. |
| 48 | 04.12.2015 | Manipulations with investment units market | Almost all trading activities in the market of units of the closed-end unit investment hedge fund Iskona were maintained through pre-agreed transactions by a group of interconnected entities: JSCB FINPROMBANK PJSC, HFL Finance LLC, Eco-Engineering LLC. | Units of closed-end unit investment hedge fund Iskona | JSCB FINPROMBANK PJSC, HFL Finance LLC, Eco-Engineering LLC | December 2011 — October 2012 | Cancellation of the qualification certificate held by Sergey Nikolaevich Belov. Orders were issued to HFL Finance LLC and Eco-Engineering LLC to refrain from such unlawful activity in the future. |
| 47 | 04.12.2015 | Manipulations with investment units market | Almost all trading activities in the market of units of the closed-end unit investment hedge fund Altair were maintained through pre-agreed transactions by a group of interconnected entities: JSCB FINPROMBANK PJSC, HFL Finance LLC, Eco-Engineering LLC, Palreco Ltd and UM Finance Ltd. | Units of closed-end unit investment hedge fund Altair | JSCB FINPROMBANK PJSC, HFL Finance LLC, Eco-Engineering LLC, Palreco Ltd, UM Finance Ltd. | February 2012 — August 2013 | Cancellation of the qualification certificates held by Sergey Nikolaevich Belov and Eduard Andreevich Belyaev. Orders were issued to HFL Finance LLC, Eco-Engineering LLC, Palreco Ltd and UM Finance Ltd to refrain from such unlawful activity in the future. |
| 46 | 13.08.2015 | Market manipulation with investment units | The trading activities in the market of investment units of Centre (rent CUIF) and Malakhit (rent CUIF) were entirely sustained by a group of interconnected entities/individuals (CB Koltso Urala LLC, Regional AVK LLC, REA Delovoy Dom LLC, Solutions and Investments LLC and CJSC Uralleasing), also having links with MC Sodruzhestvo LLC, which was the managing company of the above funds, executing trades in collusion. | Investment units of Centre (closed-end rent unit investment fund) and Malakhit (closed-end rent unit investment fund) | CB Koltso Urala LLC, Regional AVK LLC, REA Delovoy Dom LLC, Solutions and Investments LLC, CJSC Uralleasing | From 30 January 2012 to 21 May 2014 | The qualification certificate in financial markets held by Alexey Vladimirovich Nikitin was cancelled. Administrative enforcement measures were imposed on Regional AVK LLC, REA Delovoy Dom LLC, Solutions and Investments LLC to refrain from similar unlawful activity in the future. |
| 45 | 13.08.2015 | Market manipulation with investment units | The trading activities in the market of investment units of Strazhi Urala (real estate CUIF) were almost entirely sustained by a group of interconnected entities/individuals (CB Koltso Urala LLC, CJSC Management Company United Investment Funds, UGMK-Strakhovanie LLC, APF “UMMC-Perspective” and Oleg Anatolyevich Pelikh), also having links with MC Sodruzhestvo LLC, which is the managing company of Strazhi Urala (real estate CUIF), executing trades in collusion. | Investment units of Strazhi Urala (closed-end real estate unit investment fund) | CB Koltso Urala LLC, UGMK-Strakhovanie LLC, CJSC Management Company United Investment Funds, Oleg Anatolyevich Pelikh | From 29 February 2012 to 3 June 2013 | The license authorizing professional activity in the securities market held by CJSC Management Company United Investment Funds was revoked. The qualification certificate in financial markets held by Alexey Vladimirovich Nikitin was cancelled. Orders were issued to UGMK-Strakhovanie LLC and Oleg Anatolyevich Pelikh to refrain from similar unlawful activity in the future. |
| 44 | 09.07.2015 | Common stock market manipulation | Acting on behalf of UFS Investments Ltd, UFS CAPITAL LIMITED struck deals to sell shares on the basis of offers with the lowest selling prices which resulted in a substantial shift in the stock price. During subsequent trading days reverse deals were made on behalf of UFS Investments Ltd. UFS CAPITAL LIMITED also made deals with shares, the obligations of the parties to which were performed on account and for one and the same entity, namely, UFS Investments Ltd. | Mechel OAO common stock | UFS Investments Ltd and UFS CAPITAL LIMITED with the involvement of IC Arbat Finance and Elena V. Zheleznova | November 2013 | Revocation of the licenses of a securities market professional participant issued to IC Arbat Finance. Revocation of the qualification certificate issued to E.V. Zheleznova. Inspection results send to the law-enforcement authority. |
| 43 | 29.04.2015 | Shares market manipulation | It can be assumed by the type the deals with the Shares executed on the Moscow Stock Exchange that the said entities acted in collusion. On some days the share of the agreed deals between them comprised 20-67% in the volume of the Shares trading. | Ordinary shares of Rosneft JSC, ordinary and preference shares of OJSC Rostelecom, ordinary shares of JSC RusHydro, ordinary and preference shares of Sberbank , ordinary shares of Surgutneftegaz OJSC, ordinary shares of Tatneft JSC, ordinary shares of РћРђРћ Lukoil | Ursa Capital LLC, Transportny LLC, INRESBANK LLC*, JSCB MOSOBLBANK OJSC*, RIK LLC, RSD LLC, Finance Business Bank LLC*, Shepelev Evgeniy Lvovich *Illegitimate actions had been performed before the Bank of Russia took its decision about their financial recovery. | From February, 2012 to October, 2013 | Revoking licences authorizing professional activity in the securities market held by Ursa Capital LLC, Transportny LLC. Cancelling certificate of qualification in financial market held by Suyarov Konstantin Aleksandrovich. Forwarding orders to INRESBANK LLC, JSCB MOSOBLBANK OJSC, RIK LLC, RSD LLC, Finance Buisiness Bank LLC, Shepelev E.L. about averting such violations in the future. |
| 42 | 16.03.2015 | Unit market manipulation | The unit market was created artificially practically in full by a number of legal entities affiliated with each other and indirectly affiliated with the management company of closed-end rental unit investment fund GBM-Alfa and closed-end rental unit investment fund GBM-Beta. The overwhelming majority of transactions with the fund’s units on the Moscow Exchange was made under the preliminary agreement between these entities and was aimed at supporting trading activities in the unit market and the unit quotations. | Closed-end rental unit investment fund GBM- Beta | BPM A LLC, CarTrade LLC, Land Investment Company LLC, Samokat LLC, ElectroSbyt LLC, Galant LLC, CB Miraf-Bank CJSC | 2013 | Sending instructions to prevent similar violations in the future to entities, which committed the manipulations |
| 41 | 16.03.2015 | Unit market manipulation | The unit market was created artificially practically in full by a number of legal entities affiliated with each other and indirectly affiliated with the management company of closed-end rental unit investment fund GBM-Alfa and closed-end rental unit investment fund GBM-Beta. The overwhelming majority of transactions with the fund’s units on the Moscow Exchange was made under the preliminary agreement between these entities and was aimed at supporting trading activities in the unit market and the unit quotations. | Closed-end rental unit investment fund GBM-Alfa | BPM A LLC, CarTrade LLC, Land Investment Company LLC, Samokat LLC, ElectroSbyt LLC, Galant LLC, CB Miraf-Bank CJSC | 2013 | Sending instructions to prevent similar violations in the future to entities, which committed the manipulations |
| 40 | 16.03.2015 | Unit market manipulation | The unit market was created artificially practically in full by a number of legal entities affiliated with each other and indirectly affiliated with the management company of closed-end rental unit investment fund Istok. The overwhelming majority of transactions with the fund’s units on the Moscow Exchange was made under the preliminary agreement between these entities and was aimed at supporting trading activities in the unit market and the unit quotations. | Closed-end rental unit investment fund Istok | BPM A LLC, CarTrade LLC, Land Investment Company LLC, Samokat LLC, ElectroSbyt LLC, Galant LLC | 2012-2013 | Sending instructions to prevent similar violations in the future to entities, which committed the manipulations |
| 39 | 19.02.2015 | Market manipulation with investment units | The market for investment units was almost completely created artificially by a group of interconnected individuals, also having indirect links with OOO UK Montes Auri (Montes Auri LLC), the asset manager of ZPIFN Montes Auri Mountain. The vast majority of trades in investment units were executed on the ZAO MICEX SE (closed joint stock company MICEX Stock Exchange) by a group of individuals acting in collusion. These individuals were sustaining trading activities on the market for investment units, and their quotations. | ZPIFN Montes Auri Mountain (closed-end real estate unit investment fund Montes Auri Mountain) | D. A. Bredikhin, D. A. Yakovenko, S. V. Vikharev, R. R. Battalov | From July 2011 to June 2014 | Orders issued to individuals involved in market manipulation to refrain from such unlawful activity in the future. Civil Penalties imposed on individuals. |
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Last updated on: 17.12.2015