On the Legal Nature of Professional Activity in the Securities Market

This article is devoted to the legal issues of professional activity in the securities market, in particular brokerage activities. Special attention is paid to legal issues related to the application of grounds for revoking licenses of professional participants in the securities market due to the failure of a participant in the stock market to carry out professional activities for a long time. 
The authors analyze the content of certain types of professional activities in the securities market in order to determine the grounds for revoking the license, taking into account the interests of both the regulator represented by the Bank of Russia and professional participants in the securities market. The article examines the genesis of the change in the position of the Russian financial mega-regulator. In conclusion, the author suggests some legal solutions that could improve the legal regulation of this issue in the public and private legal context.