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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">rusjel</journal-id><journal-title-group><journal-title xml:lang="ru">Russian Journal of Economics and Law</journal-title><trans-title-group xml:lang="en"><trans-title>Russian Journal of Economics and Law</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2782-2923</issn><publisher><publisher-name>"TCE "Taglimat"" Ltd.</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.21202/2782-2923.2022.2.331-344</article-id><article-id custom-type="edn" pub-id-type="custom">TFVHCJ</article-id><article-id custom-type="elpub" pub-id-type="custom">rusjel-2249</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>КРИПТОМИР И ЦИФРОВЫЕ ФИНАНСЫ</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>CRYPTO-WORLD AND DIGITAL FINANCE</subject></subj-group></article-categories><title-group><article-title>Противодействие практикам недобросовестных операций: манипулирования рынком и использования инсайдерской торговли</article-title><trans-title-group xml:lang="en"><trans-title>Counteracting the practices of sham transactions: market manipulations and using insider trading</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-3633-8666</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Курносов</surname><given-names>А. В.</given-names></name><name name-style="western" xml:lang="en"><surname>Kurnosov</surname><given-names>A. V.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Курносов Артем Вячеславович, научный сотрудник</p><p>г. Москва</p></bio><bio xml:lang="en"><p>Artem V. Kurnosov, researcher</p><p>Moscow</p></bio><email xlink:type="simple">kurnosov.work@gmail.com</email><xref ref-type="aff" rid="aff-1"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru">Российская академия народного хозяйства и государственной службы при Президенте Российской Федерации<country>Россия</country></aff><aff xml:lang="en">The Russian presidential academy of national economy and public administration<country>Russian Federation</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2022</year></pub-date><pub-date pub-type="epub"><day>08</day><month>06</month><year>2022</year></pub-date><volume>16</volume><issue>2</issue><elocation-id>331–344</elocation-id><permissions><copyright-statement>Copyright &amp;#x00A9; Курносов А.В., 2022</copyright-statement><copyright-year>2022</copyright-year><copyright-holder xml:lang="ru">Курносов А.В.</copyright-holder><copyright-holder xml:lang="en">Kurnosov A.V.</copyright-holder><license license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://www.rusjel.ru/jour/article/view/2249">https://www.rusjel.ru/jour/article/view/2249</self-uri><abstract><sec><title>Цель</title><p>Цель: рассмотрение подходов к противодействию использования практик недобросовестных операций, в частности, практик манипулирования рынком и инсайдерской торговли в рамках функций и полномочий Банка России.</p></sec><sec><title>Методы</title><p>Методы: в работе использовалось сочетание методов диалектического, эмпирического, сравнительного и логического исследований.</p></sec><sec><title>Результаты</title><p>Результаты: установлены подходы к определению манипулирования рынком, рассмотрены основные способы манипулирования рынком. Изучена деятельность Банка России по выявлению недобросовестных практик на российском финансовом рынке, проведен анализ количества выявленных случаев манипулирования рынком. Показаны существующие в рамках стратегии развития финансового рынка подходы к противодействию использования практик недобросовестных операций, включая практики манипулирования рынком и использования инсайдерской торговли, определены перспективные зоны развития по заданным направлениям.</p></sec><sec><title>Научная новизна</title><p>Научная новизна: в статье консолидирована динамика деятельности Банка России, потенциальные проблемные зоны и потенциал в области противодействия использованию практик недобросовестных операций, включая практики манипулирования рынком и использования инсайдерской торговли, проведен анализ количества выявленных случаев манипулирования рынком.</p></sec><sec><title>Практическая значимость</title><p>Практическая значимость: основные положения и выводы статьи могут быть использованы при дальнейшем анализе противодействия использованию практик недобросовестного поведения на финансовом рынке, выработке глоссария</p></sec></abstract><trans-abstract xml:lang="en"><sec><title>Objective</title><p>Objective: to consider approaches to countering the use of unfair transaction practices, in particular, market manipulations and insider trading within the functions and powers of the Bank of Russia.</p></sec><sec><title>Methods</title><p>Methods: the work used a combination of methods of dialectical, empirical, comparative and logical research.</p></sec><sec><title>Results</title><p>Results: approaches to the definition of market manipulation are established, the main methods of market manipulation are considered. The activity of the Bank of Russia to identify unfair practices in the Russian financial market was studied; the amount of market manipulation cases was identified and analyzed. The approaches were shown, which exist within the framework of the financial market development strategy to counteract the use of unfair transactions practices, including the practices of market manipulation and the use of insider trading; promising areas of development in the specified areas were identified.</p></sec><sec><title>Scientific novelty</title><p>Scientific novelty: the article consolidates the dynamics of the activities of the Bank of Russia, the probable problem areas and the potential in the field of countering the unfair transactions practices, including market manipulation and insider trading; the amount of identified cases of market manipulation is analyzed.</p></sec><sec><title>Practical significance</title><p>Practical significance: the main provisions and conclusions of the article can be used in the further analysis of countering the use of unfair behavior practices in the financial market and in forming a glossary.</p></sec></trans-abstract><kwd-group xml:lang="ru"><kwd>SupTech- и RegTech-инициативы</kwd><kwd>Банк России</kwd><kwd>манипулирование рынком</kwd><kwd>инсайдерская торговля</kwd><kwd>практики недобросовестных операций</kwd><kwd>финансовый рынок</kwd><kwd>стратегическое планирование</kwd><kwd>RegTech-решение</kwd></kwd-group><kwd-group xml:lang="en"><kwd>SupTech and RegTech initiatives</kwd><kwd>Bank of Russia</kwd><kwd>Market manipulation</kwd><kwd>Insider trading</kwd><kwd>Unfair transactions practices</kwd><kwd>Financial market</kwd><kwd>Strategic planning</kwd><kwd>RegTech solution</kwd></kwd-group><funding-group xml:lang="ru"><funding-statement>Работа выполнена при финансовой поддержке РФФИ, грант No 20-510-00009 Бел_а.</funding-statement></funding-group><funding-group xml:lang="en"><funding-statement>The work is carried out with the financial support of the Russian Fund for Basic Research (grant No. 20-510-00009 Бел_а).</funding-statement></funding-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Основные направления развития финансового рынка Российской Федерации на 2022 год и период 2023 и 2024 годов. 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URL: https://www.cbr.ru/press/event/?id=9827 (дата обращения: 18.01.2022).</mixed-citation><mixed-citation xml:lang="en">Bank of Russia proposes to complement the list of actions referring to market manipulation. https://www.cbr.ru/press/event/?id=9827</mixed-citation></citation-alternatives></ref><ref id="cit32"><label>32</label><citation-alternatives><mixed-citation xml:lang="ru">Перечень выявленных случаев неправомерного использования инсайдерской информации и манипулирования рынком. URL: https://www.cbr.ru/inside/inside_detect/table/ (дата обращения: 18.02.2022).</mixed-citation><mixed-citation xml:lang="en">The list of the revealed cases of illegal use of insider information and market manipulation. https://www.cbr.ru/inside/inside_detect/table/</mixed-citation></citation-alternatives></ref><ref id="cit33"><label>33</label><citation-alternatives><mixed-citation xml:lang="ru">Основные направления развития финансовых технологий на период 2018–2020 годов. URL: https://www.cbr.ru/Content/Document/File/85540/ON_FinTex_2017.pdf (дата обращения: 18.01.2022).</mixed-citation><mixed-citation xml:lang="en">Main directions of developing the financial technologies for the period of 2018–2020. https://www.cbr.ru/Content/Document/File/85540/ON_FinTex_2017.pdf</mixed-citation></citation-alternatives></ref><ref id="cit34"><label>34</label><citation-alternatives><mixed-citation xml:lang="ru">ЦБ РФ продолжит устранять регуляторные гэпы для развития IPO, но не сможет продвинуться без развития private equity и венчуров – Интерфакс. 15 июля 2021. URL: http://naufor.ru/tree.asp?n=22024 (дата обращения: 18.01.2022).</mixed-citation><mixed-citation xml:lang="en">The Central Bank of the Russian Federation will continue to eliminate regulatory gaps to develop IPO, but will not be able to advance without developing private equity and ventures – Interfax. July 15, 2021. http://naufor.ru/tree.asp?n=22024</mixed-citation></citation-alternatives></ref></ref-list><fn-group><fn fn-type="conflict"><p>The authors declare that there are no conflicts of interest present.</p></fn></fn-group></back></article>
