Securities Law Firm of Shepherd Smith Edwards and Kantas

Are You a Webull Financial Customer Who Suffered Losses in an Alleged Pump and Dump Scam Involving Hackers

The Securities Law Firm of Shepherd Smith Edwards and Kantas are Representing Claimants. We Are Also Investigating Allegations of A Hack at Tastytrade That May Have Harmed Their Customers.

If you are a customer at Webull Financial, and you suffered losses when an unauthorized party hacked into your brokerage account there to run an alleged pump-and-dump scam involving Ten-League International Holdings Limited (TLIH) shares, Shepherd Smith Edwards and Kantas (investorlawyers.com) wants to talk to you. We are representing Claimants in recouping their losses from Webull in FINRA arbitration.

This includes a broker negligence lawsuit against Webull Financial for up to $5,000,000 for three Claimants whose brokerage accounts were hacked, as well as a six-figure claim for two other Webull customers. We are also speaking with other Webull customers who may have been financially harmed when the unauthorized third party broke through the firm’s security, accessed these investors’ accounts, liquidated holdings, and used proceeds to purchase TLIH shares in mass quantities.

The penny stock share purchases are believed to have artificially inflated TLIH’s share price. Meanwhile, the unknown party liquidated its own positions. TLIH’s share price collapsed, and investors, including those who were victimized in the hack at Webull Financial, are reporting serious losses in what appears to be a pump-and-dump fraud.

In a form letter to customers, Webull told them that they had fallen victim to a phishing scam that let a hacker access their brokerage accounts. It denies any claims of liability, which is yet one more reason why you need to hire trusted broker-dealer negligence lawyers like us to represent you in fighting to recoup your losses.

More About Webull Financial

Webull is a financial services company and digital trading platform headquartered in St. Petersburg, Florida. It is a registered brokerage firm with the Financial Industry Regulatory Authority (FINRA) and the US Securities and Exchange Commission (SEC). Self-directed investors can use the platform to engage in low-cost, commission-free trading.

Webull uses Apex Clearing Corporation to process and settle trading activities.

Were Tastytrade Customers Also Hacked? Our Securities Law Firm is investigating

Apex Clearing also processes and settles trading activities for Tastytrade, which is an online brokerage firm that offers a low-cost trading platform for active traders. Shepherd Smith Edwards and Kantas is investigating allegations of a hack at Tastytrade that may have impacted its customers. If you are one of these customers, contact us today.

Why Should You Explore Your Legal Options If You Suffered Losses Because Your Brokerage Firm Was Hacked?

Broker-dealers have an obligation to set up the proper security measures to prevent any unauthorized parties from breaking into customers’ brokerage accounts and defrauding them. The failure to fulfill this duty can lead to serious losses and may be grounds for a FINRA lawsuit by victims seeking financial recovery.

Shepherd Smith Edwards and Kantas represents investors who have suffered losses because of broker-dealer fraud and negligence. Even if the financial firm was not directly involved in causing your portfolio losses, if due diligence failures, compliance failures, supervisory failures, or other types of brokerage firm misconduct enabled you to suffer financial harm, you may be able to file an investment loss recovery claim.

Schedule Your Free, Initial Case Assessment With Our Securities Law Firm

Contact us today or call (800) 259-9010 if you suspect you sustained losses in hacks at Webull, Tastytrade, or any other brokerage firm. Our broker-dealer misconduct attorneys have been fighting for investors, while protecting their right to financial recovery, for 35 years. Most of our clients have secured awards or settlements because of our dedicated and skilled efforts.