Features of qualification of securities market manipulation

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The article considers the signs of a criminal act, which has received the name “manipulation of the securities market” in domestic legislation. Attention is drawn to the importance of the securities market for economic growth, mobilization of savings and investment liquidity. The importance of constant monitoring of legal regulation of the market and responsibility for offenses in the field of securities turnover is emphasized. The author explores the objective features of this crime, such as the use of insider information and financial instruments, and also emphasizes the role of professional skills and access to information in the subject of the crime. The article also analyzes the current legal framework and judicial practice related to market manipulation. The author notes the low number of convictions under this article, despite the frequency of offenses. At the same time, serious consequences of market manipulation are emphasized, such as material damage, loss of investors’ confidence and disruption of the state’s financial system. The study suggests practical steps to improve the process of investigating and proving such crimes, in particular, wider involvement of specialists and experts of the Central Bank of the Russian Federation, as well as the development of a clear algorithm of actions for law enforcement agencies.

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Securities market, market manipulation, economic crime, insider information, securities market participant, central bank of the russian federation

Короткий адрес: https://sciup.org/14130948

IDR: 14130948   |   DOI: 10.47629/2074-9201_2024_3_84_88

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