San Diego, CA -- (SBWIRE) -- 06/03/2022 -- An investor, who purchased shares of HUMBL, Inc. (OTC: HMBL), filed a lawsuit in the U.S. District Court for the Southern District of California over alleged violations of Federal Securities Laws by HUMBL, Inc..

Investors who purchased shares of HUMBL, Inc. (OTC: HMBL) have certain options and for certain investors are short and strict deadlines running. Deadline: July 19, 2022. OTC: HMBL investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

San Diego, CA based HUMBL, Inc., a digital commerce platform, connects consumers, freelancers and merchants in the digital economy worldwide.

HUMBL began trading publicly on November 12, 2020, after a reverse merger with Tesoro Enterprises, Inc.

The Company's common stock sold under the ticker symbol "HMBL" on various OTC exchanges and/or the Company's unregistered digital asset sold as "BLOCKS Exchange Traded Index ("ETXs") on various cryptocurrency exchanges.

On April 25, 2022, the price of the HUMBL, Inc. (OTC: HMBL) common stock hit a low of $0.11 per share, down from a price high of $6.84 between November 1, 2020 and May 19, 2022, which it has not been able to recover.

Likewise, the price of BLOCK ETX has dropped over 87% from its height between November 1, 2020 and May 19, 2022 and has not recovered.

The plaintiff alleges on behalf of purchasers of HUMBL, Inc. (OTC: HMBL) common shares between November 1, 2020 and May 19, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 1, 2020 and May 19, 2022, that the Defendants violated provisions of the Securities Exchange Act by making false and misleading statements concerning the Company's growth prospects, technological advancements, international partnerships, and financial benefits for HUMBL, Inc. (OTC: HMBL) common stock and digital asset investors, as well as using selectively timed announcements to keep HUMBL, Inc. (OTC: HMBL) stock price high so that Company insiders could sell off their holdings into artificially created volume. The complaint also alleges that Defendants violated provisions of the Securities Act by selling its unregistered securities (BLOCK ETX digital assets) to investors.

Those who purchased shares of HUMBL, Inc. (OTC: HMBL) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.