Shopoff Securities Loss Attorneys

FINRA Lawsuits Against Broker Bill Shopoff Exceed $52M in Damages Requests

Our Shopoff Securities Loss Attorneys Continue To Investigate Claims Against Shopoff Securities

Investors who sustained losses in private placements involving Shopoff Realty Investments, which is accused of running a more than $12.5M Ponzi scam, have filed Financial Industry Regulatory Authority (FINRA) arbitration claims seeking over $52M in damages. Already, $40M in settlements have been reached.

Shopoff Realty Investments owner William Anthony Shopoff also operates brokerage firm Shopoff Securities. Investors have alleged unsuitable recommendations made by their financial advisors and other claims, including the purportedly fraudulent sale of promissory notes. Also under scrutiny is Bill’s brother Stephen Shopoff.

Shepherd Smith Edward and Kantas (investorlawyers.com) are continuing to investigate Shopoff Realty Investments, Shopoff Securities, Bill Shopoff, and Stephen Shopoff, as well as the following Shopoff investments or entities:

Shopoff Realty Investments, LP
The Shopoff Group, LP
Shopoff Enterprises, Inc.
Shopoff Enterprises Notes
Shopoff Land Fund I LP
Shopoff Land Fund II, L.P.
Shopoff Land Fund III, L.P.
Shopoff Land Fund IV, L.P.
Shopoff Land Fund V, L.P.
Shopoff California Commercial Fund, L.P.
Shopoff Commercial Growth and Income Fund III, L.P.
SCGIF II – Skypointe, LLC
SCF – 4440 VKA, LLC
SCGIF II – Franklin, LLC
SCF – 2100 Q Street, LLC
SCGIF II – Des Plaines, LLC
Vertimass, LLC

FINRA has accused Bill Shopoff of using investment proceeds for his own use. The self-regulatory organization (SRO) alleges that he overstated his net worth and liquidity when marketing and selling investments in Shopoff Land Fund III and Shopoff Land Fund IV. The California broker also may have allegedly made unsuitable investment recommendations involving Integris Secured Credit Fund II. Promoted as a collateralized note through which investors could supposedly earn passive income via a fixed 12% interest rate, payments were supposed to be issued quarterly. Unfortunately, the last quarterly payment reportedly was not received by investors.

Alleged Shopoff Ponzi Scam May Have Targeted Accredited Investors

Accredited investors must meet certain income/net worth threshold requirements that allow them to avail of riskier investing opportunities not open to retail investors. However, this does not mean that all investors who satisfy these requirements necessarily have the level of investing experience necessary to understand the risks they are taking on.

Shepherd Smith Edwards and Kantas represents accredited investors, high-net-worth investors, sophisticated investors, and institutional investors. We understand the unique nature of every claim and what is needed to maximize a client’s chances of full financial recovery from the broker-dealer that should be held liable. We also have worked with investors who have suffered losses in mass Ponzi scam perpetuated either directly by their broker-dealer or a third-party issuer.

If you sustained losses in the purported Shopoff Ponzi Scam, we can help you assess whether you have grounds for an investment loss recovery claim against broker Bill Shopoff. Should we decide to work together, you can rest easy knowing that you will receive seasoned securities representation by an established FINRA law firm that has more than a combined over a century’s worth in securities law and the securities industry.

More than 90% of our clients have received full or partial financial recovery from broker-dealers and investment advisers who were liable. We have fought for clients in arbitration, mediation, and litigation.

How To Contact Our Shopoff Securities Loss Attorneys About Your Shopoff Investment Losses:
Call (800) 259-9010 or fill out this form.