Investors who lost money with shares of Coinbase Global, Inc. (NASDAQ: COIN) should contact the Shareholders Foundation in connection with a lawsuit

An investor, who purchased shares of Coinbase Global, Inc. (NASDAQ: COIN), filed a lawsuit over alleged violations of Federal Securities Laws by Coinbase Global, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Coinbase Global, Inc. (NASDAQ: COIN) have certain options and for certain investors are short and strict deadlines running. Deadline: November 12, 2024. NASDAQ: COIN investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On July 25, 2024, the Financial Conduct Authority ("FCA"), a U.K. financial regulator, issued a press release announcing that it had fined Coinbase's U.K. unit, CB Payments Limited ("CBPL"), approximately $4.5 million "for repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers." The FCA noted that "[t]he breaches were the result of CBPL's lack of due skill, care and diligence in the design, testing, implementation and monitoring of the controls put in place" to prevent such violations.

Shares of Coinbase Global, Inc. (NASDAQ: COIN) declined from $283.48 per share on March 25, 2024, to as low $149.51 per share on September 10, 2024.

The plaintiff claims that between April 14, 2021 and July 25, 2024, the defendants made false and/or misleading statements and/or failed to disclose that In 2020, the United Kingdom's Financial Conduct Authority ("FCA") had deemed efforts by the Company's British unit, CB Payments Limited ("CBPL"), to prevent criminals from using its platform, to be inadequate, that as a result, the FCA reached an agreement with CBPL, which put requirements in place that were designed to prevent high risk customers from using CBPL's platform, that CBPL then breached that agreement, which resulted in 13,416 high risk individuals receiving services; (4) the foregoing resulted in an undisclosed heightened regulatory risk, and that as a result, defendants statements about its business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Coinbase Global, Inc. (NASDAQ: COIN) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.