Robinhood Hacking Victim Sues Trading Platform Over Security

A California man sued Robinhood Markets Inc. after his account was hacked, claiming the trading platform aimed at millennials didn’t do enough to protect customers’ sensitive information.

Siddharth Mehta said in a complaint provided by his lawyer that his account was looted of “tens of thousands of dollars” in July. He’s seeking to represent all other hacking victims in the proposed class action lawsuit. The complaint wasn’t immediately available in public filings on Santa Clara County court’s web site.

Mehta is one of almost 2,000 Robinhood users whose accounts were compromised by cyber criminals last year, according to an internal ...