Experience of the states of the former USSR in the field of countering market manipulation and the unlawful use of insider information
The task of this work is to study the issues of criminal liability for market manipulation and illegal use of insider information in the states of the former USSR. The author examines in detail the legislation of the four states of the former USSR and reveals its features. The author uses comparatively legal as the main method of research. According to the results of the study, it is noted that the investigated criminal laws have developed two main approaches to the question of establishing criminal responsibility for these acts: a) responsibility is established differentially, both for manipulating the securities market and for illegal use of insider information; b) responsibility is established only for market manipulation. The description of the signs of the objective side of market manipulation and illegal use of insider information in the legislation of the states of the former USSR has developed a wide and narrow approach. The results obtained in the process of research can be used both in theoretical studies (to continue research) and for practical purposes (improvement of the Russian criminal legislation).