Facts of market manipulation in transactions with bonds established
The Bank of Russia has established facts of market manipulation by Dmitry K. Volodin and Yana V. Lukashevich in the course of transactions with the bonds of INCAB LLC (ISIN: RU000A1049M2), Pioneer Leasing Ltd. (ISIN: RU000A1006C3), OOO Torgovyi Dom RKS (ISIN: RU000A102KQ5) (hereinafter, the Bonds) in on-exchange trading over the period from 16 November 2022 to 16 December 2022.
According to the findings of the investigation, the said persons made reciprocal transactions with the low-liquid Bonds in collusion in the main trading mode. Among other things, these transactions caused significant deviations in the demand for and trading volumes of the Bonds.
Such actions are classified as market manipulation pursuant to Clause 2 of Part 1 of Article 5 of Federal Law No.
Thus, D.K. Volodin and Ya.V. Lukashevich violated the prohibition stipulated by Part 2 of Article 6 of Federal Law No.
The Bank of Russia has sent binding orders to D.K. Volodin and Ya.V. Lukashevich 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.
We draw attention of investors to the fact that such unfair transactions are subject to analysis by both brokers and the Bank of Russia.
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