Investor Recovery – Shopoff Land Fund Subject to Regulatory Securities Fraud Complaint

The law offices of Gana Weinstein LLP have represented investors who were sold private placement investments in real estate ventures issued by Shopoff Securities.  The Shopoff Land deals are highly risky and often times unsuitable for investors. Our attorneys can analyze your accounts and determine if you have a potential claim. Recently, The Financial Industry Regulatory Authority (FINRA) brought a case against Shopoff Securities, Inc., William Shopoff, and Stephen Shopoff. From about December 2010 through March 2017 FINRA alleged Shopoff Securities fraudulently sold approximately $12.57 million of promissory note investments to 29 investors.  FINRA claimed that Shopoff Securities failed to disclose that $165,000 investment proceeds would actually be transferred to William Shopoff and his personal trust to pay his and his wife’s personal expenses.  FINRA also claimed that Shopoff also failed to disclose that some investment proceeds would be used to…

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