Facts of market manipulation in trading for exchange-traded bonds and corporate bonds established
The Bank of Russia has established facts of market manipulation in on-exchange trading for the exchange-traded bonds of the State Unitary Enterprise Housing and Communal Services of the Republic of Sakha (Yakutia) (ISIN: RU000A100PB0) and the corporate bonds of the Russian Agricultural Bank (ISIN: RU000A0ZZ4T1) (hereinafter, the Bonds) over the period from 17 November 2021 to 23 May 2022.
Brokerage accounts of relatives Andrey P. Lanchakov, Svetlana V. Volkova and Lyudmila D. Balashova were used to make transactions with the Bonds in collusion. These transactions caused significant deviations in demand for, supply and trading volumes of the Bonds.
According to the findings of the investigation, the above transactions with the Bonds are qualified as market manipulation pursuant to Clause 2 of Part 1 of Article 5 of Federal Law No.
Thus, A. P. Lanchakov, S. V. Volkova and L. D. Balashova breached the ban established by Part 2 of Article 6 of Federal Law No.
The Bank of Russia has sent binding orders to A. P. Lanchakov, S. V. Volkova and L. D. Balashova to cease and desist from similar violations in the future. Furthermore, these persons are subject to administrative proceedings, and transactions in their trading accounts are suspended.
Moreover, the Bank of Russia has cancelled the qualification certificate of a financial market specialist issued to A. P. Lanchakov.
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