Last Updated: September 2025 — Los Angeles, CA
Here’s what you need to know about Los Angeles, CA, stockbroker Tony Barouti:
- Name: Tony Barouti
- Current Employer: Emerson Equity LLC —since 06/13/2017.
- Prior Firms: First Heartland Capital, LPL Financial, Newport Coast Securities, Commonwealth Financial Network, Brookstreet Securities, Jefferson Pilot Securities, Linsco/Private Ledger (LPL), World Group Securities, WMA Securities.
- Other Business Affiliations: Superior Financial Group, Inc. (fixed insurance); Barouti Financial Services, LLC (tax preparation/marketing entity); Alexa Insurance Services (fixed insurance); Coldwell Banker Realty (referral associate).
- CRD number: 3031995
- Function: Stockbroker / Financial Advisor (FINRA-registered representative)
- Can Broker be Sued in FINRA: Yes
- Sanctioned by Securities Regulators: Yes
- Highest Award of Settlement: $511,940
- 20 Current Customer Disputes Seeks Total Damages in excess of $3,000,000
If you’ve sustained damages from Mr. Barouti, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Tony Barouti As Your Stockbroker?
Regulatory Sanction
- SEC Action (Aug. 2025 | Case 3-22508): The SEC found Mr. Barouti willfully violated Reg BI’s Care and General Obligations (Exchange Act Rule 15l-1(a)) in recommending GWG Holdings “L Bonds” to 10 retail customers (6/30/2020–4/12/2021). Sanctions: cease-and desist, censure, $50,000 penalty, $50,140 disgorgement, $12,501 interest.
Numerous Pending Customer Disputes include( totaling millions paid in settlements):
- June 2025 | FINRA 25-01296): Customer alleges breach of fiduciary duty, negligence, overconcentration, and Reg BI violations tied to corporate debt recommendations; seeks $300,000 in damages.
- Aug. 2024 | FINRA 24-01805): Customer alleges breach of fiduciary duty, negligence/misrepresentation, overconcentration, and Reg BI violations; seeks $450,000 plus interest.
Allegations of Broker Misconduct Against Tony Barouti
- Unsuitability / Best-Interest Violations — recommending high-risk GWG L Bonds to retail clients (Reg BI, Exchange Act Rule 15l-1(a); FINRA Rule 2111 suitability).
- Breach of Fiduciary Duty
- Misrepresentation and Omission of Material Facts
- Overconcentration in Risky, Illiquid Debt Securities (linked to GWG “L Bonds”).
- Failure to Supervise
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of Emerson Equity Brokers
If you have suffered investment losses in an account handled by Tony Barouti, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.