Meaning and Definition of Notice or Wells Notice

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¡Ey! Have you heard about the latest news about Coinbase, the crypto exchange platform? It appears that the US Securities and Exchange Commission. has sent a Wells notification to the company, which means they could take legal action against her for possible violations of securities law. What a job! But, do you know what a wells notification is? It is not a formal accusation or a finding of violation, it is merely a preliminary step before feasible legal action or proceeding. Although the news has not been publicly announced, Coinbase has already released a statement on the matter. what nerves! What do you think of this situation??

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