Lost Money Investing in GWG L Bonds with Tony Barouti?

May 4, 2022

LA-Broker Tony Barouti of Barouti Financial Services Sold GWG L Bonds

National investment fraud lawyers KlaymanToskes continues to investigate Southern California broker Tony Barouti of Barouti Financial Services for his GWG L Bond sales.

Customer Complaints Against Emerson Equity’s Tony Barouti

Two customers have complained against Tony Barouti, according to his FINRA BrokerCheck. The complaints relate to Barouti’s failure to disclose all material facts and risks associated with an investment. Together, the investors are claiming over $1.3 million in damages.

Where Has Tony Barouti Worked as a Broker?

Tony Barouti is currently registered out of Emerson Equity’s Los Angeles, California branch location. Barouti has been registered with Emerson Equity as a broker since June 13, 2017. According to FINRA BrokerCheck, Barouti has worked as a broker at the following firms:

  • First Heartland Capital, Inc. (May 2014 to June 2017; Los Angeles, CA)
  • LPL Financial LLC (July 2011 to May 2014; Los Angeles, CA)
  • Newport Coast Securities, Inc. (December 2007 to July 2011; New York, NY)
  • Commonwealth Financial Network (July 2007 to December 2007)
  • Brookstreet Securities Corporation (June 2006 to July 2007; Newport Beach, CA)
  • Jefferson Pilot Securities Corporation (May 2004 to April 2005; Fort Wayne, IN)
  • Linsco/Private Ledger Corp. (March 2004 to May 2004; Fort Mill, SC)
  • World Group Securities, Inc. (April 2002 to April 2004; Duluth, GA)
  • WMA Securities, Inc. (July 1998 to April 2002; Duluth, GA)

What is Barouti Financial Services?

Barouti Financial Services is run by Tony Barouti. The firm states it offers personalized investment options to clients such as comprehensive financial planning, retirement planning, insurance review, and investment portfolio management. Barouti Financial allegedly sold GWG L Bonds through his firm Barouti Financial Services.

Tony Barouti Marketed GWG Holdings L Bonds Through Barouti Financial Services

According to FINRA BrokerCheck, Tony Barouti is CEO of Barouti Financial Services. He has been President of the Company since October 1993. His BrokerCheck states that Barouti Financial Services include tax preparation and an entity through which securities sales are marketed. Barouti Financial Services is located in Los Angeles, CA.

Lost Money Investing in GWG L Bonds with Tony Barouti?

KlaymanToskes is a leading national securities law firm practicing exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. KlaymanToskes has recovered more than $230 million for investors in FINRA arbitrations. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.

Contact GWG L Bonds Attorneys

Lawrence L. Klayman, Esq.