SoFi Securities LLC – Class Action Investigation

Ahdoot Wolfson is investigating a potential lawsuit against SoFi Securities LLC. It has been reported that SoFi automatically transferred customers’ uninvested cash balances into bank accounts through its cash sweep program that paid significantly lower interest rates than other available options. According to the allegations, customers may have earned substantially less interest on their cash because funds were swept into accounts paying below-market rates, including rates that were reportedly close to zero percent at certain times. If you maintained a SoFi brokerage account and had uninvested cash automatically placed into SoFi’s cash sweep program, you may be entitled to compensation. Please fill out the form below, and we will contact you to discuss your potential claims.