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SogoTrade Data Breach Lawsuit Investigation
Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in data breach cases, is investigating the SogoTrade, Inc. data breach.
If you were affected by the data breach, your sensitive personally identifiable information may have been exposed, and you may be eligible for compensation.
About SogoTrade, Inc.
SogoTrade, Inc. is an online discount brokerage firm that has been serving investors since 1986. The company is headquartered in Chesterfield, Missouri, and operates as an SEC-registered broker-dealer and FINRA member. SogoTrade offers a variety of investment products, including stocks, options, ETFs, and cryptocurrency, through its web trading platform and mobile app.
The company also has affiliations with MarketRiders, Inc. (SogoTrade Asset Management) and Sogo Crypto Technologies, LLC. With approximately 24,000 primarily retail customers, SogoTrade focuses on providing technology-driven trading solutions to both domestic and international clients.
What Happened?
SogoTrade, Inc. discovered a significant data breach on March 18, 2025. The breach itself occurred between May 8, 2024, and May 22, 2024.
According to official disclosures, the breach affected a total of 48,696 people in the United States, including 88 residents of Maine and 159 residents of New Hampshire.
Information Exposed:
- First and last name
- Financial account number
- Social Security Number
- Tax identification number
SogoTrade notified affected consumers in writing on May 2, 2025 and reported to the California Attorney General’s office on May 8, 2025, the Maine Attorney General’s office on May 8, 2025, and the New Hampshire Attorney General’s office on May 7, 2025.
Your Rights and Next Steps
If you received a notification from SogoTrade about this data breach, you have important rights. When sensitive information like your Social Security Number, financial account details, or tax identification number is exposed, you face an increased risk of identity theft and financial fraud.
Here’s what you can do next:
- Review any written notification you received from SogoTrade and keep it for your records.
- Monitor your financial accounts and credit reports for any suspicious activity.
- Consider placing a fraud alert or credit freeze with the major credit bureaus.
- Take advantage of any free credit monitoring or identity theft protection services offered by SogoTrade.
- Learn about your legal options—lawyers are ready to help you understand if you are eligible to join a class action lawsuit for compensation related to this breach.
It’s important to act quickly, as there may be deadlines for joining a lawsuit or taking other protective measures.
You May Be Entitled to Compensation
If your personal information was compromised in the SogoTrade data breach, you may be entitled to compensation for damages such as lost time, out-of-pocket expenses, or the risk of future identity theft. Lawyers are ready to help you determine your eligibility and guide you through the process.
To find out if you qualify to join a lawsuit and seek compensation, complete the below form. Taking this step can help protect your rights and hold SogoTrade accountable for the exposure of your sensitive information.
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