ROSEN, A LEADING INVESTOR LAW FIRM, Encourages Coinbase Global, Inc. Investors to Inquire About Securities Class Action Investigation – COIN

New York, New York–(Newsfile Corp. – September 6, 2024) – WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities class action claims on behalf of Coinbase Global, Inc. (NASDAQ: COIN) shareholders arising from allegations that Coinbase may have provided misleading corporate information to the investing public.

SO WHAT: If you purchased Coinbase securities, you may be entitled to compensation without paying any out-of-pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action to recover investors’ losses.

WHAT TO DO: To participate in the potential class action, visit https://rosenlegal.com/submit-form/?case_id=28116 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for class action information.

WHAT IS THIS ABOUT: On July 25, 2024, the Financial Conduct Authority (“FCA”), a UK financial regulator, announced that it had fined CB Payments Limited (“CBPL”), an affiliate of Coinbase, for “repeatedly breaching a requirement that prevented the firm from providing services to high-risk customers.” The FCA noted that “the breaches arose from CBPL’s failure to exercise all due skill, care and diligence in designing, testing, implementing and monitoring the controls put in place” to prevent such breaches.

On the same day, Reuters published an article titled “Coinbase UK unit fined for breaching financial crime requirements.” The article stated that “(a) Coinbase has been fined in the UK for breaching a regulatory agreement to enhance its (defense) against financial crime, in the first sanction of its kind in the UK crypto asset sector.”

This news caused Coinbase’s stock price to drop 5.5% on July 25, 2024.

WHY ROSEN LAW: We encourage investors to select qualified attorneys with a track record of leadership roles. Often, companies issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Choose your attorney wisely. Rosen Law Firm represents investors around the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest settlement ever in a securities class action against a Chinese company. Rosen Law Firm was ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured more than $438 million for investors. In 2020, founder Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys are recognized by Lawdragon and Super Lawyers.

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To view the source version of this press release, visit https://www.newsfilecorp.com/release/222489