Strauss Borrelli PLLC, a leading data breach law firm, is investigating SogoTrade, Inc. regarding its recent data breach. The SogoTrade data breach involved sensitive personal information belonging to over 48,000 individuals.
ABOUT SOGOTRADE, INC.:
SogoTrade is an online discount brokerage firm based in Missouri. Founded in 1986, SogoTrade offers a wide range of investment products, powerful online trading platforms, and market research tools to investors.2 Today, SogoTrade’s products support stocks, options, ETFs, and cryptocurrency.3 Headquartered in Chesterfield, Missouri, SogoTrade employs over 50 individuals.
WHAT HAPPENED?
Recently, SogoTrade reported to the Attorney General of Maine that the sensitive personal identifiable information in its care may have been compromised. According to the breach notice, on or around March 18, 2025, SogoTrade learned that a phishing email containing malicious software led to the compromise of four company email accounts.1 As a result, SogoTrade launched an investigation to determine the nature of the incident.
Through its investigation, SogoTrade confirmed that sensitive personal information in its systems may have been accessed by an unauthorized third party between May 8 and May 22, 2024. As a result, SogoTrade began a review of the data to determine what information had been impacted, as well as identify the specific individuals affected. While the information impacted varies depending on the individual, the type of information potentially exposed includes:
- Name
- Social Security number
- Tax identification number
- Financial account number
On April 28, 2025, SogoTrade began mailing data breach notification letters to impacted individuals. Based on the breach notice sent to Maine residents, SogoTrade is providing affected individuals with a list of the specific types of sensitive information impacted and 12 months of complimentary credit monitoring services. A link to the formal breach notification letters that SogoTrade filed with the Attorney General of Maine is below.
If you received a breach notification letter from SogoTrade, Inc.:
We would like to speak with you about your rights and potential legal remedies in response to this data breach. Please fill out the form, below, or contact us at 872.263.1100 or sam@straussborrelli.com.
