The fact of market manipulation was not disclosed by the Central Bank in the Broker’s Figure newsletter on trading on the St. Petersburg Stock Exchange. In January, the broker sent a message about the alleged suspension of all trading on the exchange due to sanctions, after which the site’s shares fell by 13% in 20 minutes. Based on the results of the investigation, the regulator recommended market participants to read the messages more carefully.
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According to the results of the investigation into the circumstances of the collapse of the value of shares on the St. Petersburg Stock Exchange in late January, the Bank of Russia has not disclosed the fact of market manipulation by Digit Broker, the press service of the Central Bank of the Russian Federation reported.
The Central Bank’s message states that the regulator has not found any intention to manipulate the price of SPB stock exchange shares. The Bank of Russia also advised market participants to be more careful when reading the messages.
At the end of January, Digital Broker sent a message about the complete suspension of trading operations on the St. Petersburg Stock Exchange. The message concerned only the broker’s securities, but the market took the information in its own way and caused the value of the exchange’s shares to collapse by 13% in 20 minutes.
Author:
Kirill Bilyk
Source: RB
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