William Shopoff Allegedly Created a Fund with the Reported Purpose of Raising Funds for His Private Real Estate Firm (Shopoff Realty)

William Shopoff, CEO of Shopoff Securities, Inc., allegedly formed a fund with the purported purpose of raising funds for his private real estate firm, Shopoff Realty, according to a Pending Regulatory Action disclosed on William Shopoff’s FINRA BrokerCheck Report under review by investor rights attorney Alan Rosca.

Said Regulatory Action was filed on January 10, 2019 on ’s William Shopoff FINRA BrokerCheck Report.

William Shopoff and Shopoff Securities, Inc. Vice President  Stephen Shopoff each allegedly distributed or directed others at the firm to purportedly distribute the Private Placement Memorandum (the PPM), the fund Subscription Agreement template (subscription agreement), and a document entitled Loan Guaranty Agreement (the guaranty) to fund investors, FINRA notes.

The PPM’s alleged material misrepresentations included Shopoff’s Realty debt, the profits and commission that Shopoff Realty received or could receive from anticipated sales of projects described in the PPM, the identity of the chief financial officer and senior vice president for land acquisitions for Shopoff Realty and the maximum size of the offering, FINRA Reports.

Shopoff Securities, Inc., William A. Shopoff, & Stephen R. Shopoff Were Allegedly Fraudulently Involved with the Sale of Promissory Note Investments to Investors

Shopoff Securities, Inc., William Shopoff, and Stephen Shopoff allegedly were involved with the fraudulent sale of promissory note investments to investors, according to a Pending Regulatory Action disclosed on William Shopoff’s FINRA BrokerCheck Report under review by investor rights attorney Alan Rosca.

William and Stephen Shopoff alleged were involved with the following investment programs, FINRA notes, and it is also important to note that there is no indication that said programs were fraudulent or improper.

  • Shopoff Securities, Inc.
  • Shopoff Commercial Growth & Income Fund II, L.P.
  • Shopoff Commercial Growth & Income Fund III, L.P.
  • Shopoff Land Fund I L.P.
  • 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 Land Fund VI L.P.
  • Shopoff Strategic Income Fund, L.P.
  • Shopoff Properties Trust, Inc.
  • TSG Fund IV
  • TSG Fund V

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related misconduct and are currently investigating Shopoff Securities, Inc., William Shopoff, and Stephen Shopoff’s alleged involvement with the fraudulent sale of promissory note investments to investors. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Shopoff Securities, Inc., William Shopoff, and Stephen Shopoff’s alleged involvement with the fraudulent sale of promissory note investments to investors may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage. and executed unauthorized trades, FINRA states.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.