TradeZero America
Data Breach Class Action Lawsuit

Posted: September 19, 2024 -- Attention, victims of the TradeZero America data breach.

Abington Cole + Ellery is investigating the data breach recently announced by TradeZero America.

TradeZero America Data Breach Summary:

Thousands of individuals were affected by the TradeZero America data breach.

Breached data may include, but is not necessarily limited to: names, Social Security numbers, driver’s license numbers, financial brokerage and/or bank account data, and passport numbers.

On or about July 29, 2024, TradeZero became aware of activity impacting the environment of its third-party vendor, Tawk.To. TradeZero initiated an investigation and found that an unauthorized individual might have accessed personal information in files related to customer communications on the Tawk.To platform.

Upon this discovery, TradeZero claims to have commenced an investigation to verify the nature and scope of the incident. This process includes ensuring the security of its systems, examining data for sensitive information, and notifying individuals who may be affected.

According to TradeZero, it is reviewing its policies and procedures regarding the storage and access of such information to lessen the chance of a similar event in the future. TradeZero will also inform regulatory authorities as mandated by law.

As a result of the data breach, TradeZero America is offering 12 months of free credit monitoring and/or identity theft protection services to some affected individuals.

Additional information about the TradeZero America data breach may be found here: TradeZero America Submitted Breach Notification Sample.

About TradeZero America:

TradeZero America is a Brooklyn, New York, based online brokerage that offers commission-free trading for U.S. equities. The platform provides users with access to various order types, including limit and market orders, as well as more advanced trading tools. It allows traders to engage in pre-market and after-hours trading, catering to a range of investors who seek more flexibility in their trading hours. The company provides access to various trading platforms, including a web-based version and a desktop platform, designed to meet the different needs of its users.

In addition to stock trading, TradeZero America offers options trading, which expands the services available to traders. The company emphasizes education by providing webinars and tutorials to help users understand the functionalities of the platform. TradeZero also offers short-selling opportunities and locates, allowing users to borrow shares for short sales. This feature is geared toward more experienced traders who are familiar with short selling. TradeZero America operates within the regulatory framework of the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), ensuring compliance with industry standards.

The TradeZero America Website may have additional information about or provide periodic updates regarding the data breach.

For more information about steps you can take to possibly reduce the chances harm arising from a data breach, please review the following article: What are some steps you can take if you've been the victim of a data breach?

If you believe you are a victim of the TradeZero America data breach, and if you would like to volunteer to serve as a class representative in a class action lawsuit regarding this data breach, please submit your information via the form on this webpage. This website is not associated with nor authorized by TradeZero America or any affiliated companies. If you have received any other data breach notifications, you may to review Abington Cole + Ellery's current list of data breach investigations.