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Public.com keeps locking me out of my account every month or so

  • Writer: Stephen Paine
    Stephen Paine
  • Jul 22, 2022
  • 2 min read

Complaint to FINRA:


Public.com keeps locking me out of my account every month or so, and I have to go through a painful ordeal to fix it, but it has to be harassment. I downloaded a new app, on a new phone, with a new phone number; and use it and sign in all months and then it locks me out and has the old phone number now for verification; so now I am locked out from trading and transferring or doing any business at a critical trading time. The do this kind of thing every month to me. Is this happening to other users? If you change the password, it never works the next time. They lock me out of my account always a critical time and I feel it is purposeful and how dangerous is it when I change the phone, download a new app and have a new number that has all been verified and the old one removed to now be the primary number again it a massive flaw in their software. To have the old number be there had to be purposeful, and I believe to lock me out or they have a serious issue in their sign in software execution systems.. This kind of thing with one's assets at stake has to be stopped.


Your complaint has been sent for review. Please keep the confirmation number for your records. Your concerns are important to us, and we are reviewing the information you provided. If needed, we may contact you to obtain additional details or documentation. FINRA evaluates issues like yours with the goal of protecting investors and maintaining the integrity of the markets. Our job is to determine whether brokerage firms and the people who work for them are complying with securities laws and regulations, as well as with FINRA rules. What happens next? If a determination is made to initiate an investigation, FINRA may contact you to obtain further information or documentation about your complaint. If FINRA determines that a violation has occurred, we can take formal disciplinary actions—imposing sanctions such as fines, suspensions, or bars. We make those actions public on FINRA’s website at http://www.finra.org/industry/finra-disciplinary-actions-online. FINRA can also take informal disciplinary actions that are not publicly available, such as issuing written warnings. In certain cases, we will refer investor concerns to other federal or state enforcement agencies for review. Because FINRA treats reviews of this nature as confidential, we may not be able to provide you with certain details about the status or results of your issue. Please understand that we are not representing you individually in this matter. There is no assurance that any action will result in the return of funds or securities to you. If you feel you are entitled to monetary or other relief, you may wish to pursue a separate process independent of FINRA’s review of your concern—arbitration or mediation. For more information, see the Arbitration and Mediation area of the FINRA website at http://www.finra.org/arbitration-and-mediation

Confirmation No. #bf8a7a5c27c2

 
 
 

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