According to the regulations, the difference

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"Let's say a person makes an application to buy 100 shares at a price of 50 rubles from one of his accounts, and makes an offer to sell 1,000 shares at a price of 50 rubles or less/more (with the actual price of 80 rubles) from another account. The system calculated that there were many shares offered, but the demand for them was low - the offer price was 50 rubles, and there were few people willing to buy shares at that price - and set the share price at 50 rubles," Natalia Bunina, a special adviser on corporate issues at Pen & Paper, gives an example.

A large block of shares was russia whatsapp resourcebought at a reduced price. Then the price rebounded and increased naturally (since it had been artificially reduced before), the expert continues. "Plus, small orders for the purchase of these same shares were sent to the exchange. The system determined that the demand for these shares had grown and increased the price. For example, to 80 rubles per share, that is, to their real market price. At that moment, he [the accused] sold the shares and kept the difference in the transactions for himself," Bunina explains.

was covered by W-Empirical Holding Corp.'s own funds. That is, the criminals stole the company's funds. Since the participants in the scheme operated with a huge number of papers, this allowed them to receive income even with a small deviation that did not attract attention, the case materials say.

The transactions were made between February 14 and May 25, 2022, with medium- and low-liquidity assets in the premarket or postmarket (before and after the main trading session). They involved almost 150 names of securities of foreign issuers. This is not a coincidence, but a tactic so that the system does not compare the price of applications with the applications of other market participants, since such a deviation would be noticeable, says Bunina.

Of the amount of 154.6 million rubles, about 58.56 million rubles were withdrawn from accounts, and 96.05 million rubles were blocked by Freedom Finance due to the investigation that had begun. The initial investments of scheme participant Zinchenko were estimated at 1