Facts of market manipulation in on-exchange trading for SBMM ETF units established

The Bank of Russia established facts of market manipulation in on-exchange trading for the units of the exchange-traded mutual investment fund SBMM ETF managed by the First Asset Management, JSC (ISIN RU000A103RF1, hereinafter, the Units).

Brokerage accounts of spouses Ildar V. Gatiyatullin and Dina A. Gatiyatullina were used to make transactions with the Units in collusion on 17 October 2022. These transactions resulted in significant deviations in the trading volume of the Units.

Transactions with the Units were carried out by the spouses to fulfill the conditions required for D. A. Gatiyatullina to obtain the status of a qualified investor.

According to the findings 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, I. V. Gatiyatullin and D. A. Gatiyatullina breached the ban imposed by Part 2 of Article 6 of Federal Law No. 224-FZ.

The Bank of Russia has sent binding orders to I. V. Gatiyatullin and D. A. Gatiyatullina to cease and desist from such violations in the future. Furthermore, these persons are subject to administrative proceedings, and transactions in their trading accounts are suspended.

При использовании материала ссылка на Пресс-службу Банка России обязательна.