SEC lawsuit sheds light on Coinbase’s management

, and the management there seems to want to keep taking on the SEC over and over and over once again,” said the serial entrepreneur in recommendation to the 17.4% drop in Coinbases stock last week. Source: Yahoo FinanceMark Kornfeld, a securities and regulatory lawyer, informed Cointelegraph that stock prices dropping due to regulatory activity, such as the SECs proceedings against Coinbase, are often used as a template for private claims of supposed damages, as long as they carry materiality of misleading declarations or omissions. According to corporate and securities legal representative Roland Chase, legal claims from damaged investors versus Coinbase and its management might vary from “whether the legal analysis that Coinbase carries out every time it thinks about a crypto possession for listing is sufficient” to whether its risk aspect disclosure to investors was adequate.

, and the management there seems to desire to keep taking on the SEC over and over and over once again,” stated the serial business owner in recommendation to the 17.4% drop in Coinbases stock last week. In a recent interview with The Wall Street Journal, Coinbase CEO Brian Armstrong said the exchange met with the SEC over 30 times in the past year without receiving any feedback on a course to compliance.Coinbase stock has decreased sharply in June. Source: Yahoo FinanceMark Kornfeld, a securities and regulatory lawyer, told Cointelegraph that stock rates dropping due to regulative activity, such as the SECs procedures against Coinbase, are typically used as a template for personal claims of supposed damages, as long as they carry materiality of deceptive statements or omissions. According to business and securities lawyer Roland Chase, legal claims from hurt investors versus Coinbase and its management could range from “whether the legal analysis that Coinbase performs every time it considers a crypto property for listing is appropriate” to whether its threat aspect disclosure to investors was adequate. Coinbase declares to have evaluated over a thousand properties, with 90% being declined.