The Bank of Russia and the Moscow Exchange have taken additional measures to rearrange on-exchange trading in corporate equities included in the MoEx Level Three listing.
Recently, cases of disruption in pricing of corporate equities from the MoEX Level Three listing have become more frequent, which causes an increased volatility in the stock market. As a result, market values of individual securities may change considerably several times over a short period. This situation largely stems from supply and demand imbalances in the stock market and the emotional behaviour of investors. They respond to posts in social media, encouraging them to make one-way transactions in certain securities.
The Bank of Russia finds it critically important for investors to make informed and reasonable investment decisions.
The regulator will treat non-market pricing schemes as market manipulation. According to the Bank of Russia’s decision, both traders and their customers will be subject to restrictions on their on-exchange trades if found guilty. Some cases may be considered as criminal offence pursuant to the Russian law.
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