Erez Law is currently investigating Emerson Equity LLC broker Tony Barouti (CRD# 3031995) regarding GWG Holdings L Bonds, a high-yield junk bond. He has been registered with Emerson Equity LLC in Los Angeles, California since 2017.
Tony Barouti GWG Holdings L Bonds Losses
It is alleged that Tony Barouti recommended his clients invest in GWG Holdings L Bonds. According to public records the broker was featured on a radio show in the Persian language that targeted Iranian Americans. It is alleged that he recommended GWG Holdings L Bonds as secure, safe, and low-risk investments and may have used such promises as protected and guaranteed.
He has been the subject of two customer complaints between 2001 and 2015, one of which was withdrawn and one was closed without action, according to his CRD report.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Emerson Equity LLC may be liable for investment or other losses suffered by Tony Barouti’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.