Is it possible to gain inside information and receive a fine? Unfortunately, such stories are not rare in the Russian market: the regulator detects suspicious transactions, but the question is how serious are the consequences of the voltors. As long as the potential benefits of cheating can outweigh the risk of punishment, the problem remains open. CEO of Renaissance Capital Dmitry Alexandrov in a column for RBC Investments analyzes high-profile cases of insider trading with the participation of senior managers and employees of financial companies. The author explains why current fines do not always match the possible benefits of such transactions, and examines international experience in the fight against insiders - from the confiscation of illegally obtained assets to unreal prison terms and restrictions on executive transactions. Three steps against insider trading: how to beat it in Russia.

Is it possible to gain inside information and receive a fine? Unfortunately, such stories are not rare in the Russian market: the regulator detects suspicious transactions, but the question is how serious are the consequences of the voltors. As long as the potential benefits of cheating can outweigh the risk of punishment, the problem remains open. CEO of Renaissance Capital Dmitry Alexandrov in a column for RBC Investments analyzes high-profile cases of insider trading with the participation of senior managers and employees of financial companies. The author explains why current fines do not always match the possible benefits of such transactions, and examines international experience in the fight against insiders - from the confiscation of illegally obtained assets to unreal prison terms and restrictions on executive transactions. Three steps against insider trading: how to beat it in Russia.