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PFL's advisors questioned CBR's findings about the company's role in the alleged market manipulation - the company issued a press release - management did not instruct the company's employees to artificially influence market prices through securities market operations or to intentionally spread false information. Company rules prohibit employees from trading third party accounts for the company for personal gain. Management was not aware of Maronchenko's personal trading in his own or third party accounts, nor of accounts being used by other employees in violation of internal rules. According to the PFL Advisors, the Bank of Russia drew preliminary conclusions about the role of the company, after examining the significant circumstances. We believe that the audit does not prove any mistake by the company or its management. The question of possible violations by individuals requires independent verification and assessment by the investigation. For all 39 chapters assigned by the Bank of Russia, the investigation is provided with information on sources of information available to the public, on the basis of which, in the relevant periods, trading decisions can be made both by company employees when conducting transactions on one account authorized by the company for trading, and by other market participants. details

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PFL's advisors questioned CBR's findings about the company's role in the alleged market manipulation - the company issued a press release - management did not instruct the company's employees to artificially influence market prices through securities market operations or to intentionally spread false information. Company rules prohibit employees from trading third party accounts for the company for personal gain. Management was not aware of Maronchenko's personal trading in his own or third party accounts, nor of accounts being used by other employees in violation of internal rules. According to the PFL Advisors, the Bank of Russia drew preliminary conclusions about the role of the company, after examining the significant circumstances. We believe that the audit does not prove any mistake by the company or its management. The question of possible violations by individuals requires independent verification and assessment by the investigation. For all 39 chapters assigned by the Bank of Russia, the investigation is provided with information on sources of information available to the public, on the basis of which, in the relevant periods, trading decisions can be made both by company employees when conducting transactions on one account authorized by the company for trading, and by other market participants. details

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