DID WILLIAM ANTHONY SHOPOFF CAUSE YOU INVESTMENT LOSSES?
William Shopoff Of Shopoff Securities, Inc. Has 4 Customer Complaints For Alleged Broker Misconduct
About William Shopoff of Shopoff Securities, Inc.?
William Shopoff (CRD #1273471) is currently employed by Shopoff Securities, Inc., based in Irvine, California, since May 2007. He is registered with 24 U.S. states and territories and has passed two principal/supervisory exams, four general industry/product exams, and one multi-state securities law exam. His diverse experience in the financial industry is highlighted by his extensive involvement in various investment sectors, particularly real estate and corporate securities. William has held positions at several firms over his career, including his own firms under different names, reflecting a longstanding presence and entrepreneurial role in the investment landscape.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
William Shopoff Customer Complaints and Reviews
William A. Shopoff has had four disclosed customer disputes:
- Misrepresentation in Real Estate Investments (2016): Allegations involved misstatements and omissions related to Tenant-in-Common/1031 Exchange transactions. Settled in August 2023 for $2,000,000.
- Breach of Contract and Uniform Voidable Transactions Act (2018): Concerning a breach of a written Guaranty and post-breach transfers, settled in January 2021 for $6,500,000, with William contributing $5,275,000 personally.
- Breach of Guaranty and Declaratory Relief (2014-2015): Involving breaches of written Guaranty agreements, settled in July 2020 for $28,750,000, all of which was paid by William.
- Breach of Contract by Firm Affiliate (2012-2014): Claims included breach of guaranty and specific performance related to commercial real estate guarantees, settled in May 2019 for $4,750,000, fully contributed by William.
Allegations Against William Shopoff
- Real Estate Security (2016): Accusations of providing misleading information in real estate investment transactions, leading to a settlement with significant financial repercussions.
- Breach of Contract (2018): Alleged failure to adhere to the terms of a financial guaranty, resulting in a substantial settlement after claims of subsequent inappropriate financial transfers.
- Guaranty Agreement Violations (2014-2015): Allegations of failing to fulfill the terms of guaranty agreements, resolved through a large financial settlement after assertive legal defense.
- Contractual Breaches with Employee (2012-2014): Involving allegations of contractual breaches by a high-level affiliate, culminating in a major financial settlement to resolve claims of misrepresentation and contractual non-compliance.
William Shopoff Red Flags & Your Rights As An Investor
Of course, William Shopoff did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of William Shopoff at Shopoff Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether William Shopoff has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Shopoff Securities, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Shopoff Securities, Inc. Due To William Shopoff
If you have questions about Shopoff Securities, Inc. and/or William Shopoff and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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