Countering market manipulation in the system of ensuring the economic security of the stock market

DOI: 10.33917/mic-4.99.2021.94-103

Representatives of various objects of the country’s economy participate in the system of ensuring the economic security of the stock market. First of all, these are the control bodies of the exchanges – the organizers of trades, where dubious transactions are revealed. Specialists of the Department of Counteraction to Unfair Practices of the Central Bank of the Russian Federation carry out checks on the revealed violations and make a decision on bringing the culprit to administrative responsibility or transferring the materials of the check to law enforcement agencies according to their jurisdiction. Among unfair practices, the most common speculative phenomenon is market manipulation, the public danger of which is to cause significant harm to the interests of citizens and legal entities, society and the economy as a whole, undermining the confidence of investors and trading participants in organized financial and commodity markets, worsening conditions for investment and trade in them, hindering their effective development and strengthening international competitiveness.

References:

 

1. The main directions of development of the financial market of the Russian Federation for the period 2019–2021. Central Bank of the Russian Federation, 2019.

2. Walras L. Elements of pure political economy. M.: Izograf, 2000.

3. Voinik E.D. Significant violation of the contract in the civil legislation of Russia [Electronic resource]. – Access mode: https://uristsarkisov.ru/rastorzhenie-dogovora-sushchestvennom-narushenii/ (accessed:  – 16.07.2021).

4. Kamenetskaya M.S. Termination of a civil contract under the legislation of the Russian Federation: Dis. … Cand. jurid. sciences. M., 2003.

5. Mamontov V.A. Materiality criteria in the civil legislation of the Russian Federation [Electronic resource]. – Access mode: https://wiselawyer.ru/poleznoe/94349-kriterii-sushhestvennosti-grazhdanskom-zakonodatelstve-rossijskoj-federacii (accessed: 07.08.2021).

6. Crime in the field of financial markets in the Russian Federation: monograph / under total. ed. R.V. Zhubrin. M.: Prospect, 2021.

7. Prorvich V.A. Scientific-methodological and information-technological support for the detection, disclosure and investigation of crimes related to market manipulation: Speech at the scientific and practical round table «Procedure for recognizing objects and documents as material evidence in criminal cases on crimes of market manipulation and misuse of insider information» held by the Moscow Academy of the Investigative Committee of the Russian Federation in cooperation with the Bank of Russia and the University of the Bank of Russia on June 03, 2021.

8. Roy L.V., Tretyak V.P. Analysis of industrial markets: textbook. Prospect, 2020.

9. Sokolov Yu.A. Financial security of economic systems. M.: «Ankil», 2010.

10. Criminal law. Special part: Textbook. Ed. 2nd rev. and add. / Ed. Dr. jurid. Sciences, prof. L.V. Inogamova-Khegai, Doctor of Law Sciences, prof. A.I. Raroga, Doctor of Law Sciences, prof. A.I. Chusaev. M., 2008.

11. Marshall A. Principles of Economic science: book five [Electronic resource]. – Access mode: http://gumfak.ru/econom_html/marshall/marsh35.shtml (accessed: 03.08.2021).