Articles Tagged with IRA Financial Trust

Stoltmann Law Offices is a Chicago-based securities, investment fraud, and class action law firm offering representing to defrauded investors and victims of fraud nationwide on a contingency fee basis.  We have been closely monitoring allegations that IRA Financial Trust account owners had over $36 million in crypto-currency stolen from their IRAs through a hack of their system on or around February 8, 2022. IRA Financial partners with Gemini Trust Co. to offer the opportunity for its self-directed retirement account clients to invest in cryptocurrency. IRA Financial represents on its website that “Our Trust company’s focus on compliance and security is based on three principles: State regulated, Industry-leading technology, and FDIC protection of cash up to $250,000 through Capital One.” The company goes on the admit that it “must meet the capitalization, compliance, anti-money laundering, consumer protection, and cybersecurity requirements set forth by the South Dakota Division of Banking, and protect the interests of our customers first and foremost.” In specifically representing their stringent “Infrastructure Security”, IRA Financial Trust represents that:

  • We leverage the content-security policy (CSP) and HTTP Strict Transport Security (HSTS) features found in modern browsers.
  • We partner with enterprise vendors to mitigate distributed denial-of-service (DDoS) attacks.
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