As This Crypto Stock’s Price Collapsed, Goldman, JPMorgan and Citigroup Issued Buy Ratings
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As This Crypto Stock’s Price Collapsed, Goldman, JPMorgan and Citigroup Issued Buy Ratings
By Pam Martens and Russ Martens: June 27, 2022 ~ When the cryptocurrency exchange, Coinbase, first offered its stock to the public on April 14, 2021, its S-1 Registration Statement that was filed with the SEC indicated that Goldman Sachs, JPMorgan and Citigroup were its financial advisors, along with Allen & Company. Most Americans would assume that if one is the financial advisor to a company going public for the first time, the financial advisor would know a considerable amount about that company’s business and future prospects. But as we reported last Wednesday, horror stories in the thousands about how Coinbase runs its exchange have been piling up in the publicly accessible database of the federal regulator, the Consumer Financial Protection Bureau. Three business days after we published that information, Goldman Sachs finally put out a sell rating on the stock of Coinbase. The news came from Goldman Sachs before the … Continue reading →
Source: http://silveristhenew.com/2022/06/27/as-this-crypto-stocks-price-collapsed-goldman-jpmorgan-and-citigroup-issued-buy-ratings/
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