Investors supposedly complained about securities broker John William Shaffer Jr. [CRD: 1800679, East Freedom, Pennsylvania], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Shaffer worked for GWN Securities Inc. from January 2, 2019, and also worked with Latitude Advisors LLC as of January 3, 2019. See the following information to learn more about the serious allegations involving Shaffer and his role in a pending investor dispute.
Evidently, a client of Transamerica Financial Advisors Inc. contested John Shaffer’s sales practices by filing FINRA Arbitration No. 25-00373 on February 24, 2025. Allegedly, Shaffer made misrepresentations and was negligent regarding the management of the investment. Allegedly, Shaffer caused the client to sustain damages on real estate securities. Consequently, the client seeks compensation from Transamerica Financial Advisors or Shaffer in the amount of $500,000 in this ongoing matter.
When securities brokers or financial advisors are misrepresenting or omitting key facts about real estate investment trusts (REITs), it typically means they failed to provide complete, accurate, or truthful information. This can involve downplaying the risks, overstating potential returns, or hiding fees and limitations. Investors rely on accurate disclosures to make informed decisions, so misrepresentation regarding REITs may lead to significant financial harm if the investments fail to perform as expected.
Do you have concerns or questions regarding investments you made with John Shaffer? If so, you should contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group is experienced with recovering losses for clients throughout the country. Also, the firm takes cases on a contingency fee basis and advances all costs. Shaffer and brokerage firms Shaffer worked for deny allegations of sales practice violations.
JOHN LAWRENCE ALEX (JOHN L ALEX) has been registered both as a broker and financial advisor with MORGAN STANLEY of Morristown, New Jersey, since11/15/2011. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN L ALEX has 36 years of experience in the securities industry and has been registered with 4 firms. Alex […]
JOSEPH KELLY (JOE KELLY) has been registered as a broker with VCS VENTURE SECURITIES of New York, NY since 6/17/2026. He was previously registered with SPARTAN CAPITAL SECURITIES LLC of New York, NY from 01/13/2017 - 12/18/2024. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOSEPH KELLY has 21 years of experience […]
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CENTAURUS FINANCIAL, INC (Respondent). The Claimants reside in Arizona and are retired. The Claimants were seeking stable investments that would provide them with income. The lawsuit states that the Claimants have a long-standing relationship with CENTAURUS FINANCIAL and its Financial Advisor, […]
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