Robinhood Hacking & Theft Lawyer

Fraud can occur anywhere, even on Robinhood. If you’ve lost money due to the misconduct of a crypto exchange, a cryptocurrency hacking & theft lawyer can help you recover it.

Losing your money is devastating. If you’ve had Robinhood funds stolen, you may be wondering about how to seek justice.

Meyer Wilson Werning has recovered over $350,000 million for our clients. If you’ve lost more than $100,000 on Robinhood due to an advisor’s misconduct, a Robinhood hacking and theft lawyer can help you recover it.

Can You Get Your Money Back if You’re Scammed on Robinhood?

If you’ve been scammed on Robinhood, your ability to recover your money will depend on the circumstances of the theft. 

How Can a Robinhood Lawyer Help?

If you’ve lost money due to an advisor’s misconduct, a lawyer can help by:

• Evaluating your case: A lawyer can assess your situation to determine if you have grounds for legal action.
• Filing a claim: A lawyer can handle the process of filing a Financial Industry Regulatory Authority (FINRA) arbitration claim for you.
• Representing you: An attorney can represent you in arbitration and advocate for a favorable outcome.

A Robinhood hacking lawyer can protect your rights and increase the likelihood of you recovering your funds.

What Is FINRA Arbitration and How Does It Work?

FINRA arbitration is a legal process used to resolve disputes between investors and financial firms, including Robinhood. The process involves:

1. Filing a claim: You’ll start by submitting a written statement detailing your claim and the damages you’re seeking.
2. Selecting arbitrators: Both parties choose impartial arbitrators from FINRA’s roster.
3. Presenting evidence: Both sides present their cases, including evidence and witness testimony.
4. Decision: The arbitrators issue a binding decision, which both parties must follow.

While FINRA arbitration can be less time-consuming than a lawsuit, it requires thorough preparation and legal expertise. A Robinhood attorney can guide you through the process.

Can I Sue Robinhood?

While it’s possible to sue Robinhood if the company’s negligence resulted in your losses, FINRA arbitration is typically the best route in cases involving financial advisors. In addition, Robinhood’s terms of service generally require arbitration to resolve such disputes. 

Rather than filing a Robinhood lawsuit, you and your attorney can work to recover your funds out of court.

An attorney can help by:

• Filing a detailed report with Robinhood
• Gathering evidence to prove that the transaction was unauthorized
• Negotiating with Robinhood’s legal team for a fair resolution

Common Types of Robinhood Fraud

Fraud on Robinhood can take many forms, including:

• Phishing scams, in which fraudsters impersonate Robinhood or other entities to steal login credentials
• Unauthorized trades, in which hackers access accounts to conduct trades or withdraw funds
• Fake customer support, in which fraudsters pose as Robinhood representatives to gain access to user accounts
• SIM swapping, in which cybercriminals take control of a victim’s phone number to bypass two-factor authentication and access their Robinhood account

If an advisor was involved in the theft of your funds, a lawyer may be able to help you recover them.

How Do I Get My Money Back From Robinhood?

To recover your stolen funds from Robinhood, take these steps:

1. Consult a lawyer: Contact a lawyer to discuss your legal options.
2. Report the advisor’s misconduct: Notify Robinhood and any other relevant financial authorities about the fraudulent behavior.
3. File an arbitration claim: Most disputes involving financial advisors are resolved through FINRA arbitration.
4. Gather evidence: Documentation such as transaction records, account statements, and communications with the advisor can strengthen your claim.
5. Follow through with arbitration: With the help of your lawyer, present your evidence and arguments.

Speak With a Robinhood Hacking & Theft Attorney

The FINRA arbitration process can be daunting, especially in the wake of a theft. But you don’t have to navigate that process alone.

The attorneys at Meyer Wilson Werning have extensive experience helping clients recover stolen assets. If you’ve lost a Robinhood investment due to an advisor’s negligence or unethical behavior, a Robinhood theft and hacking attorney can help you seek justice.

Schedule a free consultation to discuss your case.