Coinbase tumbles after SEC warns of securities violations

Published March 23, 2023 6:46 am

By MICHELLE CHAPMAN
AP Business Writer

Coinbase’s stock is tumbling after the cryptocurrency trading platform received a warning from the Securities and Exchange Commission that it could possibly face securities charges. The SEC said in a filing that a Wells notice was sent to Coinbase. The company was advised that a preliminary determination was made recommending that the SEC file an enforcement action against Coinbase for allegedly violating federal securities laws.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.