Announcing an exciting new partnership between SnapTrade and 11thEstate, a cutting-edge platform that helps investors effortlessly recover settlements from securities class action lawsuits and shareholder compensations. This partnership enables 11thEstate to utilize SnapTrade's API, offering investors a seamless experience when connecting their brokerage accounts and claiming the money they’re entitled to.
The 11thEstate Vision
Founded by Stan Vick, 11thEstate was created after Stan personally experienced the frustrations of losing a significant investment in a biotech stock affected by securities fraud. Motivated by this and the stories of other investors who had lost their life savings, Stan embarked on a mission to make the complicated process of recovering financial losses easier for everyday investors.
Today, 11thEstate’s AI-driven engine scans the global markets for available investor compensations, matches them with users’ portfolios and automates the process of filing claims. This groundbreaking platform has already helped investors claim over $100 million in settlements from major companies like Apple, Google, and FTX.
However, a major challenge for investors has been the lack of connectivity to their brokerage accounts, leading to missed claims and complicated paperwork. That’s where SnapTrade comes in.
Integration with SnapTrade
Through the SnapTrade API, 11thEstate users can now link their brokerage accounts, enabling the platform to automatically scan portfolios for eligibility in securities class action cases. This integration removes the manual process of uploading documents and tracking trade history, making it easier for investors to claim their rightful settlements.
With SnapTrade’s real-time holdings and transaction data, 11thEstate can provide accurate and timely updates, ensuring that no compensation opportunity is missed. SnapTrade’s API supports a wide range of brokers, giving 11thEstate’s users access to the data they need, no matter where their accounts are held.
The Power of Investment Recovery
In 2023 alone, public companies settled for $8.1 billion in securities-related cases. Yet, up to 97% of retail investors fail to collect the money they are owed. This partnership between 11thEstate and SnapTrade changes the game, enabling investors to automate the entire process—from identifying eligible claims to filing the necessary paperwork.
11thEstate's mission to democratize access to compensation is now backed by the power of SnapTrade’s API, ensuring that investors—whether individual or institutional—never leave money on the table.