Tag

Securities Law Violations

All articles tagged with #securities law violations

finance2 years ago•1 min saved

Coinbase faces setbacks as CEO sells stock and Moody's lowers outlook.

Coinbase CEO Brian Armstrong sold 29,730 shares of the company on June 5, the day before the SEC filed a complaint against the exchange for securities law violations. Armstrong has been selling Coinbase stock regularly since November under a 10b5-1 plan adopted in August, which determines the timing and size of transactions in advance. The trade could have been set up before the news of the SEC action was known to Armstrong, and the SEC could have been aware of Armstrong's trading algorithm.

via Cointelegraph|

#brian-armstrong #coinbase #finance

finance2 years ago•2 min saved

Tingo Group faces investigation and stock slump after short report.

Block & Leviton is investigating Tingo Group for potential securities law violations after a report by Hindenburg Research alleged issues with the company's financial statements and founder and CEO's background. Tingo Group's stock dropped more than 45% in premarket trading. Investors who have lost money in their Tingo Group investment should contact Block & Leviton to learn more about how they might recover those losses.

via GlobeNewswire|

#block-and-leviton #finance #hindenburg-research

cryptocurrency2 years ago•3 min saved

"Coinbase's Legal Battle with SEC Threatens Existential Risk"

Lawyer James Murphy believes that the U.S. Securities and Exchange Commission (SEC) will lose if it takes Coinbase to court over alleged securities law violations due to a "fatal flaw" caused by SEC Chairman Gary Gensler's own testimony to Congress on May 6, 2021, stating that the SEC does not have the authority to regulate cryptocurrency exchanges. Murphy expects Coinbase's legal team to focus on the communications within the SEC leading up to Gensler's testimony, which will be highly embarrassing for the SEC.

via Bitcoin News|

#coinbase #cryptocurrency #gary-gensler