Securities Lawyers Blog
The securities attorneys at Gana Weinstein LLP represent investors in their disputes with brokerage firms, such as Tradezero America, Inc. 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.
TradeZero America is an online broker-dealer that offers commission-free trading of United States stocks and options for active retail traders, with short-selling tools, advanced order routing and the ZeroPro, ZeroWeb and mobile trading platforms. Part of the TradeZero group founded in 2013, the firm has served United States clients since 2019 from its Brooklyn, New York headquarters and clears through Apex Clearing.
Tradezero America, Inc. – By the Numbers:
- CRD #: 282940
- Regulatory Events: 5
- Broker Employees: 32
Tradezero America, Inc. – In the News:
FINRA v. Tradezero America, Inc. (Case #2021072581301) – Between July 2020 and October 2022, TradeZero America paid individuals with followings on social media sites (commonly known as “influencers”) to promote the firm in social media communications. Such influencers posted social media communications on the firm’s behalf that were not fair and balanced or that made exaggerated or promissory claims. Therefore, TradeZero America violated FINRA Rules 2210(d)(1) and 2010. During that same period, TradeZero America did not review its influencers’ videos prior to their posting on social media platforms, nor did the firm retain those videos. The firm also did not review or retain influencers’ posts made in online interactive electronic forums. TradeZero America also failed to establish, maintain, and enforce a system, including written supervisory procedures (WSPs), reasonably designed to supervise retail communications disseminated on the firm’s behalf by its influencers. Therefore, the firm violated the Securities Exchange Act of 1934 Section 17(a), Exchange Act Rule 17a-4(b)(4), and FINRA Rules 2210(b), 4511, 3110, and 2010. In addition, between January 2020 and January 2022, TradeZero America provided customers with privacy notices that inaccurately stated the extent to which the firm would use their nonpublic personal information in violation of Regulation S-P of the Securities Exchange Act of 1934 Rule 4 (17 CFR § 248.4) and FINRA Rule 2010.
Wondering whether you can sue your financial advisor or Tradezero America, Inc.? The investment loss attorneys at Gana Weinstein LLP can answer that question after a free review of your account statements. We welcome all inquiries.