Investors of Coinbase Stock With At Least $250,000 in Losses Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Coinbase Global Inc. (“Coinbase” or the “Company”) (NASDAQ: COIN).
INVESTORS OF COINBASE STOCK WHO HAVE SUFFERED LOSSES OF $250,000 OR MORE ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR COINBASE SECURITIES.
Coinbase recently reported that “[o]n March 22, 2023, Coinbase . . . received a ‘Wells Notice’ from the Staff . . . of the Securities and Exchange Commission . . . stating that the Staff has advised the Company that it made a ‘preliminary determination’ to recommend that the SEC file an enforcement action against the Company alleging violations of the federal securities laws, including the Securities Exchange Act of 1934, as amended (the ‘Exchange Act’), and the Securities Act of 1933, as amended (the ‘Securities Act’).”
Further, Coinbase reported that “[b]ased on discussions with the Staff, the Company believes these potential enforcement actions would relate to aspects of the Company’s spot market, staking service Coinbase Earn, Coinbase Prime and Coinbase Wallet. The potential civil action may seek injunctive relief, disgorgement, and civil penalties.”
On this news, Coinbase stock was down more than 17% during intraday trading on March 23, 2023.