Facts of manipulation in the market for ordinary shares of PJSC ChZPSN-Profnasteel, PJSC OGK-2, PJSC RAZGULAY Group, PJSC Ashinskiy Metzavod and PJSC Tuchkovskiy KSM established
The Bank of Russia has established facts of manipulation in organised trading (hereinafter, on the Exchange) in the market for ordinary shares of PJSC ChZPSN-Profnasteel, PJSC OGK-2, PJSC RAZGULAY Group, PJSC Ashinskiy Metzavod and PJSC Tuchkovskiy KSM (hereinafter, jointly the Securities) in
Securities transactions were conducted on the Exchange across the broker accounts of the clients of a professional securities market participant: by Nadezhda A. Karabintseva, Konstantin V. Izvekov, Yapi Trade LLC (TIN 7453268320), Dmitry A. Karabintsev and several individuals related to them (hereinafter, the Individuals).
The Bank of Russia revealed similar-in-type colluded operations with the Securities, whereby the Individuals’ transactions affected the Securities’ prices in trading on the Exchange and created favourable conditions for buying/selling considerable blocks of the Securities by N.A. Karabintseva and K.V. Izvekov with profit.
As a result of 27 series of such operations, N.A. Karabintseva and K.V. Izvekov managed to derive a total income exceeding 120 million rubles. Eventually, the Individuals may highly likely have incurred comparable losses due to the fact that their assets had been involved in the said operations.
As part of the mentioned series of operations, over 400 Securities transactions conducted between N.A. Karabintseva and K.V. Izvekov, on the one side, and the Individuals, on the other side, caused considerable deviations in the trading volume of Securities .
In the course of its investigation, the Bank of Russia found out that, in all probability, it was D.A. Karabintsev who was behind the coordinated submission of instructions by the mentioned persons to make transactions, because the Individuals entrusted him with passwords to their own online broker accounts.
The investigation also revealed that D.A. Karabintsev made transactions with the ordinary shares of PJSC ChZPSN-Profnasteel and PJSC OGK-2 between his own broker account and the account of Yapi Trade LLC he controlled. These transactions led to considerable deviations in trading parameters of the Securities.
The mentioned Securities transactions conducted across the accounts of Yapi Trade LLC, D.A. Karabintsev, N.A. Karabintseva, K.V. Izvekov and the Individuals are categorised as Securities market manipulation under Clause 2, Part 1, Article 5 of Federal Law No.
The Bank of Russia has forwarded the findings of the investigation to law enforcement agencies.
The regulator calls attention to serious risks of violating the Federal Law, associated with third parties gaining access to broker accounts thanks to the key information they receive.
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