Facts of market manipulation in transactions with options established
The Bank of Russia has established facts of market manipulation in the course of transactions with options1 in on-exchange trading (hereinafter, the Options). Over the period from 27 April 2022 to 16 May 2022, Aleksei V. Reshetnikov conducted operations across brokerage accounts of Yekaterina A. Klevtsova and Olga V. Stepanova, which caused significant deviations in the volume of trading in the Options.
According to the findings of the investigation, the above transactions with the Options are qualified as market manipulation pursuant to Clause 2 of Part 1 of Article 5 of Federal Law No.
Thus, Ye.A. Klevtsova, O.V. Stepanova and A.V. Reshetnikov violated the prohibition stipulated by Part 2 of Article 6 of Federal Law No.
The Bank of Russia has sent binding orders to Ye.A. Klevtsova, O.V. Stepanova and A.V. Reshetnikov 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.
Moreover, the Bank of Russia has cancelled the qualification certificates of a financial market specialist issued to A.V. Reshetnikov.
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