Broker Misconduct Attorney

Are You An Investor Who Suffered Losses While Working With Broker Bill Shopoff?

California Financial Advisor Who Paid $42 Million in Settlements Is Accused of Running Ponzi Scam 

The Shepherd Smith Edwards and Kantas ( Broker Misconduct Attorney teams are investigating claims involving Irvine, CA stockbroker William Anthony Shopoff (Bill Shopoff) of Shopoff Securities. According to his CRD, this financial advisor has paid investors more than $40 million in settlements since 2018. This includes a $28,750,000 settlement, a $6,500,000 settlement, and other seven-figure settlements related to puts and guarantees that were sold to sophisticated, accredited investors.

Did You Invest In Integris Secured Credit Fund II?

We are also looking into allegations that Bill Shopoff may have unsuitably recommended Integris Secured Credit Fund II to investors. This real estate investment allows participants to invest in a collateralized note and supposedly earn passive income through a fixed yearly interest rate of 12% to be paid quarterly. However, it has recently come to our attention that Integris Secured Credit Fund II may have missed making last month’s quarterly payment to investors.

In 2019, the Financial Industry Regulatory Authority (FINRA) filed a complaint accusing Shopoff Securities, William Shopoff, and Stephen Shopoff of running a $12.5M Ponzi scam. The self-regulatory organization (SRO) contends that 29 investors were fraudulently sold promissory notes. FINRA claims that the money raised was used to pay earlier investors their “returns” in a Ponzi-like fashion.

The FINRA complaints named a number of entities, including the following: 

  • Shopoff Realty Investments, LP
  • Fund IV, LP
  • TSG Fund IV, LP
  • The Shopoff Group, LP
  • Shopoff Enterprises, Inc.
  • Shopoff Enterprises Notes

Our Broker Misconduct Attorney Teams continue to look into the following Shopoff private placements involving real estate ventures:

  • 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

Representing Accredited and Sophisticated Investors In Fighting For Their Financial Recovery

Shepherd Smith Edwards and Kantas work with wealthy and experienced investors in recouping the damages they are owed by negligent or bad brokers. While being an accredited investor can open up opportunities to a lot of high-risk, complex alternative investments that could render huge yields, it also may expose them to unregulated investments and potentially even fraudulent ones.

An investor may qualify as “accredited” because of their net worth and income. However, this doesn’t always mean they are sophisticated investors who understand the risks being presented to them. That said, experienced and rich investors can also sustain serious investor losses.

Our broker misconduct attorneys know how to determine whether your portfolio losses were due to unsuitable investment recommendations, misrepresentations, omissions, concentration, churning, unauthorized trading, or some type of investment scam. Over the decades, we have helped thousands of investors collectively recover millions of dollars in damages from broker-dealers.

How To Contact Our Broker Misconduct Attorney Team If You Suffered Losses While Working With Bill Shopoff or A Shopoff Securities-Related Investment:

Call (800) 259-9010 today or fill out this form.

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