Moscow, April 18 - RAPSI, Dmitry Shchitov. The Moscow Regional Federal Commercial Court has accepted a claim filed by Troika Dialog against a ruling that the Federal Antimonopoly Service’s (FAS) decision on the company is legitimate, a court representative told the Russian Legal Information Agency (RAPSI).

The FAS emphasized in its decision dated April 29 that Troika Dialog misled its customers as to consumer properties and the quality of its securities trust management services.

The FAS audited the company upon the request of Troika’s customers.

The claimants stressed that they trusted millions of rubles to the investment company, but lost most of their investments in the crisis. The size of the losses was beyond the drop in stock indexes.

According to the FAS, Troika Dialog violated account dates and submitted inaccurate and false information to its customers.

For example, the company specified JP Morgan as the foreign securities issuer for the Q2 2008 account, while the Q4 2008 account specified Troika Russia Fund Inc. as the issuer.

As a result of the audit, the FAS ordered Troika to eliminate the violations.

Troika Dialog appealed the FAS decision.

As soon as the court pronounced its decision, Troika’s press office told RAPSI that the court acknowledged that the company’s activities for submitting accounts and information on its website, as well as its investment commission’s operations, meet legal norms.

Earlier, Troika appealed the Federal Financial Markets Service’s order whereby the violations committed by the company were described.