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.

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

Securities attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Shopoff Securities, Inc., William Shopoff, and Stephen Shopoff’s alleged involvement with the fraudulent sale of promissory note investments to investors. Investors who believe they may have lost money in activity related to Shopoff Securities, Inc., William Shopoff, and Stephen Shopoff’s alleged involvement with the fraudulent sale of promissory note investments to investors are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

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

William Shopoff allegedly formed a fund with the purported purpose of raising funds for his private real estate firm, Shopoff Realty, FINRA notes.

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.

William and Stephen Shopoff allegedly were involved with the following investment programs, according to the Goldman Scarlato & Penny attorneys’ investigation:

  • 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

There is no indication or allegation in this blog that said programs were fraudulent or improper. Also, as of the date of this article, there has not been a finding of liability as to the allegations 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.