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William Shopoff Embroiled in Investor Dispute Alleging Misrepresentation and Omission

William Shopoff (CRD #:1273471), a broker registered with Shopoff Securities, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on March 26, 2022.

Investor Allegations

On December 21, 2021, William Shopoff was involved in an investor dispute alleging misrepresentation and omissions related to Tenant-in-Common/1031 Exchange investment transactions. The dispute is still pending一the investor is seeking $50,000. 

Misrepresentation deprives investors of the information they need to assess risks associated with a particular investment. FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations. Losses that can be attributed to a stockbroker’s material misrepresentations of facts may result in a viable securities arbitration claim for damages.

Settled Investor Disputes

Between 2018 and 2019 William Shopiff was involved in three settled disputes alleging breach of contract. The cases were settled for $28,750,000, $6,500,000, and $4,750,000 respectively.

Background Information

William Shopoff has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 79TO – Investment Banking Registered Representative Examination
  • SIE – Securities Industry Essentials Examination
  • Series 22 – Direct Participation Programs Representative Examination
  • Series 62 – Corporate Securities Limited Representative Examination
  • Series 24 – General Securities Principal Examination
  • Series 39 – Direct Participation Programs Principal Examination

He is a registered broker in 23 states.

Besides Shopoff Securities, William Shopoff has also worked with William Shopoff Securities (CRD#:15226).

Kurta Law Can Help

If you have worked with William Shopoff and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Please reach out if you have any questions about what steps to take next to recover your investment losses.