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Violation Tracker Individual Record

Company: Coinbase, Inc.
Current Parent CompanyCoinbase Global Inc.
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $5,000,000
Year: 2023
Date: June 6, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The New Jersey Office of the Attorney General and the Division of Consumer Affairs announced that the Bureau of Securities issued a Summary Cease and Desist Order against Coinbase, Inc. for violations of the Securities Law and corresponding penalties in connection with Coinbase's crypto staking offerings. The Summary Order assesses a $5 million penalty against Coinbase for the sale of unregistered securities.
Level of Government: state
Action Type: agency action
Agency: New Jersey Attorney General
Civil or Criminal Case: civil
Facility State: New Jersey
HQ Country of Current Parent: USA
HQ State of Current Parent: Delaware
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: cryptocurrency
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.