In 2022 and early 2023, the Central Bank of Russia recorded more than 20 cases of influence on the value of shares of Russian companies through Telegram channels. In this respect says in the financial market risks review published by the regulator.
According to the Central Bank, about 140,000 people participated in the trading of ‘overclocked’ second and third tier stocks during the quarter. This is about 5-7% of active investors.
The regulator draws attention to the growing influence of financial bloggers on the behavior of private investors. According to the Central Bank, some influencers are advising subscribers on buying certain stocks while showcasing their own investment portfolios.
“Posts often use certain tactics that mislead subscribers,” the editor warns.
The Central Bank states that in some cases, with deliberate manipulation, Telegram channels only provide information about existing trends in the market. At the same time, even simple handling of such trends can attract additional participants to the “distribution” of securities.
The regulator monitors trade and analyzes information activity on social networks to counter unfair practices.
At the Central Bank at the end of July gone from the post of the first vice president, Ksenia Yudaeva.
former Central Bank increased sharply key rate to 8.5%.