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<!DOCTYPE article PUBLIC "-//NLM//DTD JATS (Z39.96) Journal Publishing DTD v1.2 20190208//EN" "http://jats.nlm.nih.gov/publishing/1.2/JATS-journalpublishing1.dtd">
<article article-type="research-article" dtd-version="1.2" xml:lang="ru" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink"><front><journal-meta><journal-id journal-id-type="issn">2409-1634</journal-id><journal-title-group><journal-title>Research result. Economic Research</journal-title></journal-title-group><issn pub-type="epub">2409-1634</issn></journal-meta><article-meta><article-id pub-id-type="doi">10.18413/2409-1634-2024-10-3-1-2</article-id><article-id pub-id-type="publisher-id">3573</article-id><article-categories><subj-group subj-group-type="heading"><subject>FINANCE</subject></subj-group></article-categories><title-group><article-title>&lt;strong&gt;SECURITIES MARKET MANIPULATION USING CLOSED INFORMATION CHANNELS&lt;/strong&gt;</article-title><trans-title-group xml:lang="en"><trans-title>&lt;strong&gt;SECURITIES MARKET MANIPULATION USING CLOSED INFORMATION CHANNELS&lt;/strong&gt;</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author"><name-alternatives><name xml:lang="ru"><surname>Pelikh</surname><given-names>Evgeni A.</given-names></name><name xml:lang="en"><surname>Pelikh</surname><given-names>Evgeni A.</given-names></name></name-alternatives><email>personal@eapelikh.ru</email><xref ref-type="aff" rid="aff1" /></contrib></contrib-group><aff id="aff1"><institution>Moscow Aviation Institute</institution></aff><pub-date pub-type="epub"><year>2024</year></pub-date><volume>10</volume><issue>3</issue><fpage>0</fpage><lpage>0</lpage><self-uri content-type="pdf" xlink:href="/media/economic/2024/3/Научный_результат._Экономические_исследования_10_3_2024_итог-131-137.pdf" /><abstract xml:lang="ru"><p>The development of social media and instant messaging platforms has changed the way financial information is disseminated, making it easier to access, but at the same time providing opportunities for potential abuse. Among these platforms, Telegram has gained significant popularity in the Russian-speaking segment, especially due to its investment advice channels. These closed channels, which often require a fee to provide access, have attracted many private investors seeking to capitalise on supposedly expert forecasts. However, this phenomenon also poses a significant risk of market manipulation, especially for low-liquidity stocks. The manipulation mechanism, which requires the presence of a certain number of private investors, involves attracting their interest in listed assets with a further increase in value due to increased demand. The manipulator uses the increased value of the asset to close the position and take profits. This article discusses the detailed mechanisms of such manipulations and suggests methods to combat them.</p></abstract><trans-abstract xml:lang="en"><p>The development of social media and instant messaging platforms has changed the way financial information is disseminated, making it easier to access, but at the same time providing opportunities for potential abuse. Among these platforms, Telegram has gained significant popularity in the Russian-speaking segment, especially due to its investment advice channels. These closed channels, which often require a fee to provide access, have attracted many private investors seeking to capitalise on supposedly expert forecasts. However, this phenomenon also poses a significant risk of market manipulation, especially for low-liquidity stocks. The manipulation mechanism, which requires the presence of a certain number of private investors, involves attracting their interest in listed assets with a further increase in value due to increased demand. The manipulator uses the increased value of the asset to close the position and take profits. This article discusses the detailed mechanisms of such manipulations and suggests methods to combat them.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>securities market</kwd><kwd>manipulation</kwd><kwd>pump and dump</kwd></kwd-group><kwd-group xml:lang="en"><kwd>securities market</kwd><kwd>manipulation</kwd><kwd>pump and dump</kwd></kwd-group></article-meta></front><back><ref-list><title>Список литературы</title><ref id="B1"><mixed-citation>B&amp;ouml;hme, R., Holz, T. (2006). &amp;ldquo;The effect of stock spam on financial markets&amp;rdquo;. Economics of Information Security.</mixed-citation></ref><ref id="B2"><mixed-citation>Nam, D., Skillicorn, D.B. 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