Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Meyer Wilson Investigates Broker Tony Barouti for GWG L Bond Sales

Emerson Equity Broker Accused of Misconduct in Multiple Claims

Tony Barouti (also known as Ahmad Agha Barouti), a registered broker with Emerson Equity, LLC, has been accused of misconduct in multiple customer disputes. Barouti allegedly recommended and sold investment in GWG Holdings, Inc. L Bonds. GWG Holdings recently filed for Chapter 11 Bankruptcy protection in the Southern District of Texas. Aggrieved investors are encouraged to contact an attorney as soon as possible to determine their legal options.

At Meyer Wilson, we provide legal representation for investors who have suffered financial loss due to investment fraud or broker misconduct. Our trial lawyers work tirelessly to hold brokerage firms and their representatives accountable for their wrongdoing. 

If you or someone you know invested with Tony Barouti or another broker who recommended GWG L Bond investments, contact our office at (614) 532-4576 for a free consultation. 

Claims of Broker Misconduct Against Tony Barouti

The Financial Industry Regulatory Authority (FINRA) provides detailed information about registered brokers, including any customer disputes. The information is available through FINRA’s BrokerCheck. Barouti’s BrokerCheck report indicates that he has been the subject of 5 public disclosures, all of which are customer disputes. Three disputes are currently pending.

The earliest pending customer dispute alleges that Barouti failed to disclose material facts, risks, and the speculative nature of an investment recommendation. The customer has requested damages in the amount of $1,270,000. 

A second customer dispute filed in march 2022 alleges similar wrongdoing. The customer has requested damages of $100,000. A final dispute filed by a customer in April 2022 makes several allegations, including breach of fiduciary duty, negligence, negligent misrepresentation, breach of contract, and overconcentration. The customer has requested damages in the amount of $185,000. 

Unsuitable Recommendations in GWG Holdings L Bonds

It is believed that Barouti, while a registered broker with Emerson Equity, recommended and sold GWG L Bonds. The investment was likely unsuitable for the average investor and resulted in significant losses. The SEC has previously stated that GWG L Bonds were unsuitable for customers who had moderate-conservative or moderate risk tolerances and that the investments were highly risky.  GWG Holdings, Inc. has recently filed for Chapter 11 bankruptcy protection making it difficult for harmed investors to recover losses directly from them. 

GWG Holdings investors may be entitled to relief through FINRA arbitration against brokerage firms that failed to supervise their representatives' recommendation of these speculative, illiquid products and the brokers that did not adequately disclose the risks associated with the L Bond sales.  

Did You Invest in GWG Holdings and Suffer Losses?

Did you invest in GWG Holdings L Bonds after recommendation by Tony Barouti or another broker? Contact our office at (614) 532-4576 for a free, no-obligation consultation. Harmed investors may be entitled to recovery through arbitration or litigation. Do not wait; call our office today to determine your legal options. 

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram