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The Central Bank advised brokers not to sue inexperienced investors
24 May, 14:38
Economy
The Central Bank advised brokers not to sue inexperienced investors
The Bank of Russia advised brokers not to sue inexperienced investors who owed them because of deals with “leverage” against the backdrop of “increased market volatility” in February-March, but to resolve the issue individually.

The regulator’s website states that when considering investors’ requests for debt restructuring, brokers must “take into account the decrease in the investor’s monthly income or his belonging to socially vulnerable categories.” It is recommended not to accrue interest on the debts of such investors, but to refuse judicial collection "for a reasonable period" - at the discretion of the broker.

Note that transactions with leverage make it possible to purchase shares partially with the broker's borrowed funds. Such transactions were popular in 2020-2021, when “thousands of individuals” came to the market as investors, Dmitry Alexandrov, managing director of Ivolga Capital, told Kommersant. And now the recommendations could potentially affect "thousands of people".

Earlier it became known that over the past two months, the turnover on transactions of individuals on the Moscow Exchange with non-major currencies has grown tenfold. In March-April, Russians' demand for the Turkish lira increased by 20 times, the yuan by 182 times, and the Kazakh tenge by 20 thousand times.