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Topstep 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 Topstep LLC 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 Topstep
Topstep is a financial services company based in Chicago. Founded in 2012, it operates as a proprietary trading firm, providing funding opportunities for retail futures traders. The company’s model allows traders to prove their skills in a simulated environment before trading with real capital.
The company generates revenue through monthly subscription fees and reset fees for its Trading Combine evaluation program. Topstep is not a licensed broker and is unregulated, which has drawn some criticism. However, it continues to serve a large community of traders and emphasizes risk management and trader education.
What Happened?
In December 2025, Topstep reported a data breach that potentially exposed sensitive consumer information. The breach was disclosed to the Texas Attorney General’s office on Dec. 22, 2025. According to the report, 222 individuals in Texas were affected. The company notified consumers about the breach via U.S. Mail.
Possible Information Exposed
- Name of individual
- Address
- Social Security number
- Other
If you have received a notice from Topstep about this incident, it means your personal data could be at risk.
Your Rights and Next Steps
If you received a notice about the Topstep data breach or believe your information may have been involved, you have important rights and options. You may be entitled to seek compensation for any harm or inconvenience caused by this cybersecurity incident.
- Communication and credit monitoring services: Review and save any notification letters you receive. Enroll in free credit monitoring and identity protection services, if offered.
- Monitor your accounts carefully: Check your financial statements regularly for suspicious activity or unauthorized transactions. If you notice anything unusual, contact your financial institution immediately.
- Fraud alert and credit reports: A fraud alert informs creditors to take extra steps to verify your identity before opening new accounts in your name. Consumers are also entitled to one free credit report annually from each credit bureau. You can request a fraud alert or a credit report by contacting any one of the three major credit bureaus.
- Seek legal help: Lawyers are ready to help you understand your rights and pursue compensation.
You May Be Entitled to Compensation
If your personal information was exposed in the Topstep data breach, you may be entitled to compensation. Lawyers are ready to help affected individuals hold companies accountable when they fail to protect sensitive data.
To find out if you qualify to join a lawsuit and potentially receive compensation, complete the below form. This is the first step toward protecting your rights and seeking justice for the exposure of your personal information.
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