COUNTERING THE MISUSE OF INSIDER INFORMATION AND MARKET RIGGING IN THE RUSSIAN FEDERATION

This paper addresses the distinguishing features of the concepts «insider information» and «market rigging». The authors examine functions and authorities of the Bank of Russia related to countering the misuse of insider information and market rigging. Administrative sanctions and criminal responsibility of insiders stated in the legislation of the Russian Federation and the USA are presented. The study also provides statistics concerning cases of insider information misuse and market rigging revealed by the Bank of Russia throughout 2010–2016. Evidence gathered in this study has helped to expose inadequacy of the existing Russian system of measures of countering insider trading and market rigging, and reveal the need for adoption of the international practices and expansion of authorities of the Bank of Russia.

insider information, Inside Law, insider, market rigging, price deviation, Bank of Russia, The United States Securities and Exchange Commission, abusive practices, shares, equity units.

Belomyttseva O. S., Supis I. P. Countering the misuse of insider information and market rigging in the Russian Federation // Business. Education. Law. Bulletin of Volgograd Business Institute. 2016. No. 3 (36). P. 238–244.