SogoTrade Inc. Data Breach Investigation
The data breach lawyers at The Lyon Firm are reviewing new class action claims related to the reported data security incident at SogoTrade, Inc, an online discount brokerage firm based in Chesterfield, Missouri. The company, which offers a range of investment products and online trading platforms, reported to the Attorney General of Maine that the sensitive personal identifiable information (PII) in its possession may have been compromised. Contact our team of attorneys to consider taking legal action following any data theft event that may have increased your risk of fraud and identity theft.
What Happened at SogoTrade?
According to a sample breach notice from the company sent to the Attorney general of California, in March 2025, SogoTrade determined that a phishing email containing malicious software may have led to the compromise of multiple company email accounts. An investigation later confirmed that sensitive personal information in its systems may have been accessed and acquired by an unauthorized third party between May 8 and May 22, 2024. The types of information potentially exposed include:
- Name
- Social Security number
- Tax identification number
- Financial account number
On April 28, 2025, SogoTrade started mailing data breach notification letters to all known impacted individuals. Over 48,000 individuals may have had their data leaked. It is important to understand the risks involved with your data taken by bad actors and sold on the dark web. We believe any company that collects and stores your data has a duty to properly protect it with a robust IT security team. Any negligent corporation can be held accountable and damages can be sought by plaintiffs in all fifty states.