“On November 27, 2023, within 19 minutes after the opening of the main trading session, there was a sharp decrease in the share price: at the trading of PJSC Moscow Exchange by 35.8%, at the trading of PJSC SPB Exchange - by 13.4%,” reports regulator
According to the Central Bank, the decline was provoked by the dissemination of false information about the stock exchange filing a bankruptcy petition with the Moscow Arbitration Court, which led to large deviations in the parameters of stock trading. Market participants were selling shares on very unfavorable terms.
It subsequently turned out that the exchange had not filed for bankruptcy.
“Actions aimed at disseminating such information constitute market manipulation... The audit materials have been sent to law enforcement agencies,” the Central Bank of Russia said.
Earlier it became known that St. Petersburg Exchange would contact law enforcement agencies to investigate the incident with the “bankruptcy application” that was allegedly filed by the platform.
The general director of the site, Evgeny Serdyukov, said that liquidation and bankruptcy are not included in the plans of the St. Petersburg Exchange.
According to RBC, the authors of the bankruptcy forgery of the St. Petersburg Exchange declared debts of 435 million rubles.