Rex Securities Law Investment Fraud Attorney Investigates Emerson Equity Broker Tony Barouti

Rex Securities Law Investment Fraud Attorney Investigates Emerson Equity Broker Tony Barouti

Rex Securities Law Investment Fraud Attorney Investigates Emerson Equity Broker Tony Barouti 150 150 Robert Rex, Esq.

Last Updated: October 2023 (Los Angeles, CA)

Tony Barouti Investigation Summary

Here’s what you need to know about Los Angeles, CA, stockbroker Tony Barouti (aka Ahmad Barouti):

  • Name: Mr. Tony Barouti
  • Current Employer: Emerson Equity LLC, dba Superior Financial Group, dba Barouti Financial Services, dba Alexa Insurance Services
  • Previous Firms: First Heartland Capital, LPL Financial, Newport Coast Securities
  • Function: Stock Broker/ Financial Advisor
  • Aliases: Ahmad Agha Barouti, Ahmad Barouti
  • Primary Location: Los Angeles, CA
  • CRD 3031995
  • Can Tony Barouti be sued in FINRA arbitration: Yes
  • Sanctioned by FINRA: No
  • Highest Settlement : $510,642
  • 25 Pending Customer Disputes(Many of which involve GWG L Bonds) Seek Damages in excess of $7.8 million

Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.

Did You Lose Money on GWG L Bonds With Tony Barouti As Your Stockbroker?

Tony Barouti’s CRD discloses 9 customer complaints that have been settled for a cumulative amount of more than $1 million and 25 currently pending customer complaints seeking more than $7.85 million in damages.

GWG L-Bonds: Tony Barouti’s employer, Emerson Equity is reputed to be the lead seller and underwriter of GWG bonds (GWG Holdings L-Bonds , GWGHQ)which raised $1.6 billion through 145 broker dealers nationwide, including Emerson Equity. GWG defaulted on $13.6 million in bond payments in January 2022 and GWG Holdings declared Chapter 11 bankruptcy in the Southern District of Texas a few months later.

Tony Barouti’s CRD discloses 9 customer complaints that have been settled for a cumulative amount of more than $1 million and 25 currently pending customer complaints seeking more than $7.85 million in damages. According to recent press, the bulk of the claims against Barouti relate to a single product.

Many of Barouti’s victims are of Iranian descent and were led to Tony Barouti after hearing him on local Persian radio station KIRN, 670AM.

Allegations of Broker Misconduct Against Tony Barouti

Customers of Tony Barouti have alleged the following wrongdoing in connection with the handling of customer accounts:

  • Unsuitable Investment Recommendation to purchase GWG L-Bonds
  • Violation of State and Federal Securities Laws
  • Violation of FINRA Rules of Fair Practice and NYSE Rules
  • Failure to disclose risks and speculative nature of investment
  • Overconcentration in portfolio
  • Elder Abuse
  • Violation of Best Interest Rule
  • Financial exploitation of a senior
  • Gross Negligence
  • Fraud
  • Lack of Due Diligence

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition, brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Recover Your Investment Losses Now With Rex Securities Law

If you have suffered investment losses in an account handled by Tony Barouti , or if you have suffered losses on GWG L-Bonds, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.

With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.

If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.

Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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