The article discusses how securities markets are regulated from both financial and legal perspectives. It looks at the different functions of the securities market, such as regulation, compensation, and redistribution. The control of the securities market is seen as a separate type of financial control in Russia. The article also examines the legal relationships involved in issuing and trading state securities. Overall, the securities market is considered a key part of the financial system, with public interest in its regulation. The Bank of Russia plays a crucial role in overseeing the securities market, ensuring that rules are followed by all participants.