The stock market in Russia faces challenges with providing quality information to investors, leading to unfair use of insider information and negative impacts on the economy. Current disclosure practices are inadequate, with unreliable information from issuers and ineffective mechanisms for ensuring accountability. Investors' rights are not adequately protected, and the system needs restructuring. Issuers should be obligated to disclose information honestly and in a timely, accurate, and concise manner. CEOs should be held responsible for proper disclosure, with a shift in liability approaches to ensure fairness. Administrative penalties for non-compliance should be revised to improve investor protection and market integrity.