Russia’s Markets Regulator Seeks More Penalty Options, RIA Says

Russia’s Federal Financial Markets Service is seeking government permission this week to expand the list of violations for which it can impose fines, RIA Novosti reported, citing Dmitry Pankin, the regulator’s chief.

The watchdog wants to establish penalties in particular for failing to honor contract terms and comply with regulatory requirements, Pankin told reporters in Moscow today, the news service said.

To contact the reporter on this story: Jack Jordan in Moscow at jjordan22@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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