TD Ameritrade Inc. and its parent, Charles Schwab Corp., have been hit with a proposed class action alleging that they failed to implement security that could have prevented hackers from accessing their clients’ personal information.

Lawsuit Filed in Nebraska Federal Court

The Almeida Law Group and co-counsel filed the suit in Nebraska federal court Friday on behalf of customers affected by the breach, which the investment company discovered in late May, but didn’t report to customers until August, according to the case.

Sensitive Client Information Allegedly Compromised

Names, Social Security numbers, financial account information, dates of birth, and government identification numbers are among the allegedly compromised information. 

Investigation Transparency Under Scrutiny

The suit alleges the defendants failed to provide the results of the “thorough investigation” they purportedly conducted after becoming aware of the breach.

Case Details and Court Information

The case is Jeanfort v. TD Ameritrade, Inc., case no. 8:23-cv-00380, in the U.S. District Court for the District of Nebraska. More information is available here.