The effectiveness of administrative sanctions for securities market manipulation: legal analysis and proposals for improvement

The article is devoted to the analysis of the effectiveness of administrative penalties for manipulation of the securities market in the conditions of the modern financial system of Russia. The paper examines the key problems of law enforcement practice, the insufficiency of current sanctions measures and the need for their revision to improve efficiency. It is proposed to strengthen administrative measures, including an increase in fines, the introduction of professional restrictions for market participants and the use of modern data analysis technologies to monitor and identify manipulative actions. The author also analyzes the international regulatory experience and suggests measures to adapt it to Russian legislation in order to increase discipline and confidence in the Russian securities market. The article focuses on the need for comprehensive improvement of legal regulation and coordinated actions of all market participants to ensure stable and transparent development of the Russian financial sector.