Facts of manipulation in the market for ordinary shares of PJSC IDGC of Centre established
The Bank of Russia has established facts of manipulation on an organised trading venue (hereinafter, the Exchange) executed in the market for ordinary shares of PJSC IDGC of Centre (hereinafter, the Shares) on 13 July 2018 and 29 August 2018 by Andrey Balushkin and Svetlana Balushkina who have family relations.
During the investigation, the Bank of Russia established that, in collusion with S. Balushkina, A. Balushkin conducted matched trades with the Shares in the main trading mode on the Exchange on the basis of anonymous buy orders. Orders placed by A. Balushkin and S. Balushkina had identical price and volume parameters and were placed using the same PC with the minimum time lag.
This trading behaviour led to considerable deviations in the Shares trading parameters.
In accordance with Federal Law No.
The Bank of Russia took measures against the said individuals aimed at preventing similar violations in future, including the measures stipulated by the Russian Federation Code of Administrative Offences.
The reference to the Press Service is mandatory if you intend to use this material.