If you have been, or are, a customer of Tony Barouti, a registered broker with Emerson Equity, or purchased GWG L Bonds, you are invited to contact our experienced investment fraud lawyers. Haselkorn & Thibaut is investigating the sales practices adopted by Tony Barouti in connection with the L Bonds offering of GWG Holdings. Any information regarding how Barouti handled customer accounts will be helpful.
Haselkorn & Thibaut, P.A. (InvestmentFraudLawyers.com) is investigating GWG Holdings’ investments in stocks, bonds, and broker-dealers that sold these investments to retail investor customers. Investors can call 1-800-856-3352 for a fast, friendly, free consultation that will clarify how GWG’s bankruptcy action impacts their individual investment loss recovery options including securities fraud lawsuits, class actions, or potential FINRA claims.
The case
Several customer complaints have been filed with the arbitration forum of the Financial Industry Regulatory Authority (FINRA) seeking action against Tony Barouti, a registered broker with Emerson Equity’s branch in Los Angeles, California, who is also the CEO of Barouti Financial Services.
The cases, and claims, mostly pertain to the L Bonds sales of GWG Holdings, Inc. (NASDAQ: GWGH) made by Barouti. GWG has recently filed for Chapter 11 bankruptcy protection, after regulatory reporting violations and ongoing investigations by the Securities and Exchange Commission (SEC).
The reasons for most of the claims, as revealed on Barouti’s BrokerCheck account, are the speculative nature associated with corporate debt investments and the failure of the broker-dealer to fully disclose risks and material facts related to the same to investors.
For GWG Holdings, Emerson Equity is the managing broker-dealer.
KlaymanToskes investigates
National securities law firm Haselkorn & Thibaut, specializing in securities-related arbitration, is investigating Emerson Equity and Tony Barouti, on behalf of its clients. The fraud lawyers at the firm represent institutional as well as retail investors from all over the world in complex, securities-related matters, and have been instrumental in recovering millions for clients through the FINRA arbitration process.
