Central Bank Probes OGC-2 Market Manipulation

All these deals led to spikes in stock price volatility, increasing financial risks for other market participants,

Consensus

The Central Bank of Russia identified market manipulation involving shares of OGC-2.
Konstantin and Anastasia Mikhailov were found to have conducted over 10,000 transactions using aggressive buy and sell orders.
The manipulative tactics included pump-and-dump schemes and prearranged deals between their brokerage accounts.
These actions caused significant price and volume deviations from normal market levels.
The transactions led to spikes in price volatility, increasing financial risks for other market participants.
The Mikhailovs were held administratively liable for market manipulation.
The Central Bank issued directives to Moscow Exchange and brokers to suspend trading activities on the investors' accounts.
The Central Bank issued warnings against coordinated actions that distort fair pricing on organized exchanges.

The manipulative activities occurred in 2025, with the investors repeatedly using both upward and downward price manipulation schemes. — vedomosti
The exact timing of the transactions under investigation was not disclosed by the Central Bank. — interfax
On January 13, the Central Bank launched an anonymous reporting service for market misconduct, including insider trading and collusion. — vedomosti
The Central Bank emphasized the illegality of prearranged trades in anonymous trading environments. — interfax