Securities Lawyers Blog
The securities attorneys at Gana Weinstein LLP represent investors in their disputes with brokerage firms, such as Cash App Investing LLC. Our firm can analyze your accounts and investments in order to determine if there was any broker misconduct in the handling of your accounts. Our analysis can reveal whether an investor has been a victim of misconduct such as unsuitable investments, unauthorized trading, excessive trading, or investment fraud.
Cash App Investing is an introducing broker-dealer that offers Cash App users self-directed, commission-free brokerage accounts for buying and selling whole and fractional shares of listed equities with investments starting at one dollar. Formed in Delaware in 2019, the firm is a wholly owned subsidiary of Block and is headquartered in Portland, Oregon, with customer trades cleared through DriveWealth.
Cash App Investing LLC – By the Numbers:
- CRD #: 144076
- Regulatory Events: 1
- Broker Employees: 42
Cash App Investing LLC – In the News:
FINRA v. Cash App Investing LLC (Case #2022074570601) – Between October 2019 and March 2022, Cash App Investing failed to establish and maintain a supervisory system reasonably designed to safeguard customer information. During that period, the firm failed to disable a former employee’s access to a data storage location, allowing the former employee to download reports that contained nonpublic personal information of the firm’s customers. As a result, the firm violated Rule 30(a) of Regulation S-P of the Securities Exchange Act of 1934, and FINRA Rules 3110 and 2010. For these violations, Cash App Investing is censured and fined $375,000.
Gana Weinstein LLP has successfully litigated broker disputes through verdict or settlement. We represent both individuals and institutions throughout the country in FINRA arbitration, as well as commercial litigation in state and federal courts. Our consultations are both free and thorough and our securities litigation attorneys can help you uncover wrongful activity in your account.