The Law Offices of Frank R. Cruz announces an investigation of Coinbase Global, Inc. (“Coinbase” or the “Company”) (NASDAQ: COIN) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On July 25, 2024, the United Kingdom’s financial regulator, the Financial Conduct Authority (“FCA”) announced that Coinbase’s U.K.-based subsidiary, CB Payments Ltd. (“CBPL”), had been fined £3,503,546 for “repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers.”
On this news, Coinbase’s stock price fell $13.52, or 5.5% to close at $231.52 per share on July 25, 2024, thereby injuring investors.
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If you purchased Coinbase securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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