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.
Summit Brokerage and Independent Financial Group each appear on a pending customer claim naming Gilbert Conrad (CRD 2746778). Both claims are unproven allegations. His BrokerCheck report also lists settled disputes at Arkadios Capital and Independent Financial Group.
On August 6, 2026, a customer filed a $400,000 FINRA arbitration naming Chad McQuade (CRD 5436281) and Northwestern Mutual. The claim involves outside, third-party real estate investments. It is pending, and McQuade disputes it in a written response.
Christopher Miller (CRD 4044818) has a customer dispute on BrokerCheck that settled on October 7, 2026 for $50,901. The disclosure lists Emerson Equity as the firm.
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