Securities Lawyers Blog
The securities attorneys at Gana Weinstein LLP represent investors in their disputes with brokerage firms, such as Shopoff Securities, Inc.. Our firm can analyze your accounts and investments in order to determine if there was any broker misconduct in the handling of your accounts. Our analysis can reveal whether an investor has been a victim of misconduct such as unsuitable investments, unauthorized trading, excessive trading, or investment fraud.
Shopoff Securities is a broker-dealer that acts as a placement agent, best-efforts underwriter, and managing broker-dealer for offerings of limited partner interests in funds sponsored by its affiliate Shopoff Realty Investments. Organized in Delaware in 2006 and based in Irvine, California, the firm received broker-dealer approval in 2007 and is owned by the Shopoff Revocable Trust of William and Cindy Shopoff.
Shopoff Securities, Inc. – By the Numbers:
- CRD #: 142866
- Broker Employees: 7
Shopoff Securities, Inc. – In the News:
FINRA v. Shopoff Securities, Inc. (Case #2016048393501) – In this disciplinary proceeding, FINRA’s Department of Enforcement alleged that from December 2010 through March 2017, Shopoff Securities, Inc., through William and Stephen Shopoff, defrauded investors by selling $12.47 million in promissory notes to fund the real estate investment business belonging to William Shopoff and his wife, in violation of Section 10(b) of the Securities Exchange Act of 1934, Rule 10b-5, and FINRA Rules 2020 and 2010, and that the recommendations were unsuitable in violation of NASD Rule 2310(b) and FINRA Rules 2111(a) and 2010. Respondents limited their solicitations to 29 family members and friends, and none of the customers lost money or complained that they were misled.
Gana Weinstein LLP has successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.