TAMPA,
Fla. and NAPLES,
Fla., March 9, 2023 /PRNewswire/
-- CryptoLawyers.org, a law firm helmed by two of the nation's
leading investment fraud attorneys fighting for the rights of
cryptocurrency investors, today announced that it has
commenced an investigation on behalf of customers of Coinbase,
Robinhood, and other cryptocurrency exchanges, who
have purchased crypto securities from those companies.
The investigation concerns possible violations of state and federal
securities laws and the failure to furnish investors with material
risk disclosures as required by those laws.
"The investigation we are launching is different in kind from
any lawsuit or investigation that has been announced to date in the
crypto universe," Tom
Grady, a co-founder of the firm who has recovered hundreds
of millions of dollars for clients over the nearly four decades he
has been practicing securities law, said. "We believe Coinbase,
Robinhood, and other exchanges have violated the law, and investors
who lost money purchasing cryptocurrencies on their platforms may
be entitled to recover those losses."
"What makes our case different from others is that we seek to
enforce the agreements these companies had customers sign rather
than challenge and, as a result, we believe our clients will be
able to have their claims heard much more quickly than other legal
claims out there," added co-founder Guy
Burns.
CryptoLawyers.org is currently asking clients of Coinbase,
Robinhood, and other exchanges who suffered losses purchasing
cryptocurrencies on their platforms to reach out to share
information about their investments and for a free evaluation to
see if they may have a claim that meets Crypto
Lawyers' criteria for speedy filing and resolution. Interested
parties can learn more by visiting CryptoLawyers.org or
emailing us at claims@cryptolawyers.org.
Coinbase was founded in 2012 by Brian
Armstrong, a former Airbnb engineer. In 2021, it became a
public reporting company on the Nasdaq exchange via a direct
listing. Since its founding, Coinbase has offered, sold and made a
market in digital asset investments, some of which have been found
by the SEC to be "securities" requiring their own registration or
exemption in order to be offered for sale. In spite of those SEC
findings, Coinbase continues to offer digital asset investments
that are not registered with the SEC in possible violation of state
and federal law.
Robinhood Markets, Inc. is a financial services company
headquartered in California. The
company began offering the ability to trade cryptocurrencies in
2018. In 2020 Robinhood disclosed that it was under SEC
investigation for failing to disclose material information to its
clients and later paid $65 million to
settle the investigation.
Whistleblower Notice: Anyone with nonpublic information
regarding Coinbase or Robinhood should consider aiding this
investigation or the SEC's investigation through the SEC
Whistleblower Program. Under that program, whistleblowers who
provide original information may receive rewards totaling up to 30%
of any successful recovery made by the SEC. For more information,
visit CryptoLawyers.org or email us at
claims@cryptolawyers.org.
About CryptoLawyers.org:
CryptoLawyers.org was formed in 2022 by Tom Grady and Guy
Burns, experienced securities and investment fraud
attorneys, for the sole purpose of helping
cryptocurrency investors recover losses from investing
in unregistered crypto securities. Grady has
represented securities investors in financial industry disputes in
court and arbitration since 1984 and previously served as the
Commissioner of the Florida Office of Financial Regulation
(Florida's equivalent of the SEC).
Grady is also the Chief Investment Officer for an investment
partnership that invests in private and public companies in the
financial industry.
Burns is an accomplished trial lawyer and one of Florida's Legal Elite "Best Company Lawyers"
Super Lawyers. He has also been named Lawyer of the Year eight
times in categories related to securities and financial litigation
and has practiced in these fields for over 40 years.
Investors who purchased or sold cryptocurrencies through
Coinbase, Robinhood, or other crypto exchanges and
wish to help with this investigation or obtain additional
information about the potential recovery of their investment losses
may visit CryptoLawyers.org or email them at
claims@CryptoLawyers.org.
Any contact will be treated as confidential and will be free of
charge.
This press release may be considered Attorney Advertising under
applicable law and rules of professional conduct in some
jurisdictions.
© 2022 CryptoLawyers
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SOURCE Crypto Lawyers