Photo: Alexey kudenko / RIA Novosti
The Central Bank revealed the facts of manipulating the securities market on the part of the trader management company of the savings Bank Dmitry Berger. This was reported on the official website of the regulator.
Employee traded at a loss for money mutual and pension funds. “Berger D. E., as a person authorized to make transactions with securities on behalf of the JSC “Sberbank Asset Management”, systematically carried out transactions with a narrow range of counterparties — legal entities (hereinafter Counterparty) by prior agreement at the expense of own funds of JSC “Sberbank Asset Management”, as well as at the expense of mutual funds, Pension Fund of the Russian Federation, FGKU “ROSVOENIPOTEKA””, — stated in the message.
According to the diagram, which acted Berger, unnamed counterparties made transactions in securities, removing them from the profit. This transaction was carried out within a few minutes. The trader put a market order at prices that suit the counterparties.
It is noted that the scheme worked for three years — from 2014 to 2017. Transactions are conducted in the Berger, had a short, but significant impact on the prices of securities which he traded.
Central Bank admitted the actions of the trader and his counterparty market manipulation. Loss of Sberbank amounted to 150 million rubles. The audit materials regulator has written to law enforcement agencies.
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