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