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Forms and methods of combating the illegal use of insider information and intentional market manipulation in modern Russia

Author

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  • Alexandr Susyev

    (Department of Economics, Lomonosov Moscow State University)

Abstract

The urgency of this problem is caused by particularly acute hazards associated with the misuse of insider information and market manipulation. Disclosure of information not intended for a wide range of people or the use of illicit trading technologies, when some competitors enjoy significant advantages over others, seriously threatens the normal functioning of the domestic financial market. The paper notes that in addition to direct financial loss - compensations, fines and costs aimed to eliminate the impact of unauthorized disclosure of valuable internal (insider) information regarding various nuances of activities and deliberate manipulation of the market - the company (companies) experience huge consequential damages. This results in drawing away clients, increasing competition, losing business reputation. In conclusion, the article discusses in detail the institutional forms and methods of combating these negative phenomena, used in Russia and other developed countries.

Suggested Citation

  • Alexandr Susyev, 2015. "Forms and methods of combating the illegal use of insider information and intentional market manipulation in modern Russia," Working Papers 0020, Moscow State University, Faculty of Economics.
  • Handle: RePEc:upa:wpaper:0020
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    More about this item

    Keywords

    insider information; insider trading; market manipulation;
    All these keywords.

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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