By Reuters Staff
2 Min Read
MOSCOW (Reuters) - Russia’s central bank said on Wednesday it had ordered brokers to block the accounts of more than 60 private investors it suspected of coordinating in a Telegram channel to try to raise the share price of an electric utilities firm.
FILE PHOTO: An exterior view shows a part of the facade of Russian Central Bank headquarters in Moscow, Russia December 3, 2018. REUTERS/Maxim Shemetov
In a development reminiscent of lurches in U.S. video game retailer GameStop’s stock price in January, the regulator said it had detected non-market pricing on Friday in shares in MRSK Yuga, a Rosseti portfolio company.