Facts of market manipulation in transactions with investment units established

The Bank of Russia has established facts of market manipulation on 25 October 2022 in the course of transactions with investment units¹ (hereinafter, the units) in on-exchange trading.

The transactions with the units conducted in collusion by relatives Anton A. Aleksanenkov and Irina P. Aleksanenkova caused significant deviations in demand, supply and trading volumes.

According to the results of the investigation, these transactions are qualified as market manipulation pursuant to Clause 2 of Part 1 of Article 5 of Federal Law No. 224-FZ, dated 27 July 2010, ‘On Countering the Misuse of Insider Information and Market Manipulation and Amending Certain Laws of the Russian Federation’ (hereinafter, Federal Law No. 224-FZ).

Thus, A. A. Aleksanenkov and I. P. Aleksanenkova violated the prohibition stipulated by Part 2 of Article 6 of Federal Law No. 224-FZ.

The Bank of Russia has sent binding orders to A. A. Aleksanenkov and I. P. Aleksanenkova to cease and desist from similar violations in the future. Furthermore, these persons are subject to administrative proceedings, and transactions on their trading accounts are suspended.

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