OREANDA-NEWS   Russian President Vladimir Putin has signed a law on the introduction of administrative responsibility for the illegal attraction of investments by individuals, the corresponding document is posted on the official publication of legal acts.

The law is aimed at curbing the activities of financial pyramids. It has a negative impact on the Russian financial market, explained earlier one of the authors of this legislative initiative, Deputy Speaker of the Federation Council Nikolay Zhuravlev. Such activity can not only lead to the loss of funds of a significant part of the population, but also undermines the trust of citizens in financial instruments, he noted.

The Law supplements the Code of Administrative Offences with a new article providing for liability for illegal attraction of investments by individuals. So, the fine for providing services to attract such investments by persons who do not have the right to do so will be: for citizens from 5 thousand to 30 thousand rubles, for officials and individual entrepreneurs (sole proprietors) - from 20 thousand to 50 thousand, for legal entities - from 300 thousand to 500 thousand rubles. At the same time, for sole proprietors and legal entities, suspension of activity for up to 60 days is provided as an alternative punishment.

And for violating the requirements related to attracting investments by concluding contracts with individuals on the terms of a public offer or as a result of sending an offer to an indefinite circle of persons, the fine for citizens will be from 30 thousand to 50 thousand rubles, for officials and sole proprietors - from 50 thousand to 100 thousand, for legal entities - from 500 thousand to 1 one million rubles. Moreover, in this case, the activities of sole proprietors and legal entities can be suspended for 90 days.

The limitation period for bringing individuals to administrative responsibility for illegally attracting investments will be one year.

The document comes into force from the date of its official publication.