SEC Says Purchasers Reasonably Expected The Value Of Their Investments To Increase Based On Issuers' Plan To Develop And Maintain Their Assets' Value, Including On The Secondary Market
Portfolio Pulse from Benzinga Newsdesk
The Securities and Exchange Commission (SEC) has stated that investors reasonably expected the value of their investments to increase based on issuers' plans to develop and maintain their assets' value, including on the secondary market.
October 03, 2023 | 8:25 pm
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NEUTRAL IMPACT
The SEC's statement may impact Coinbase Global Inc. (COIN) as it operates in the secondary market. The expectation of increased value based on issuers' plans could influence investor sentiment towards COIN.
The SEC's statement is a general comment about the market and does not specifically target COIN. However, as COIN operates in the secondary market, any changes in investor expectations or regulatory stance could potentially impact the company.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50