SCAM projects: The Supreme Court upheld the position of the NSSMC in the case of LLC DABLE CASE LLC

The National Securities and Stock Market Commission (NSSMC) has finally won the lawsuit against LLC DABLE CASE (Pelliron project). The case concerned violations in the dissemination of advertising of financial instruments and capital markets, which was carried out in violation of the law.

On 10 December 2024, the Administrative Court of Cassation of the Supreme Court upheld the NSSMC’s complaint and dismissed the claim of LLC DABLE CASE. This Resolution is final and not subject to appeal.

The NSSMC established that LLC DABLE CASE advertised the suspicious investment project Pelliron, which was included in the list of suspicious investment projects on 27 December 2022 through well-known radio stations (details are available at https://www.nssmc.gov.ua/zakhyst-investoriv-komisiia-onovyla-spysok-sumnivnykh-investytsiinykh-proiektiv-2/). The regulator issued a Resolution to impose a fine for the relevant offence.

This case confirms the importance of investor protection and compliance with the law on financial product advertising.

We draw the attention of potential investors to the significant risks associated with investing:
– through persons whose activities are not regulated in Ukraine in any way,
– persons providing false information about licensed and allegedly official activities in countries with developed financial markets.

A full list of projects is available on the NSSMC’s official website in the Investor Protection section. In the absence of information about a particular suspicious project in this section, potential investors can independently analyse it for suspicion based on the «10 signs of investment project suspicion». They can also send a request to the NSSMC at [email protected].