The article discusses the rules and laws governing the securities market in Ukraine. It suggests changes to how the National Commission on Securities and Stock Market operates and how government and non-government entities interact in the market. The article points out flaws in the current regulations and stresses the need for clearer rules and more financial independence for the regulator. It also recommends that all issuers in the market follow the same transparency and accuracy standards. The article proposes improvements to laws on issuing securities and disclosing information to investors.