Written by The White Law Group• December 24, 2024• 7:19 pm• Broker Investigations

Tony Barouti Lawsuits

Emerson Equity Broker Tony Barouti has 58 Customer Complaints

The White Law Group is investigating potential securities claims involving Tony Barouti (CRD#: 3031995) and the liability his employers may have for failing to properly supervise him. If you have suffered losses with Tony Barouti, you may be able to file a FINRA lawsuit (FINRA complaint) to recover your investment losses.

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Broker Tony Barouti – Customer Complaints

According to his broker report, Tony Barouti reportedly has 58 customer complaints on his record, with 19 complaints currently still pending, many in connection with the sales of GWG L Bonds. Allegations include, “Breach of contract and warranties, promissory estoppel, consumer protection and deceptive trade practices act, violation of state securities statutes, fraud, breach of fiduciary duty, negligence and gross negligence, misrepresentation/omission and negligent misrepresentation/omission, unjust enrichment, common law, statutory claims and damages, vicarious and control person liability,” among others.

Barouti was reportedly registered with the following FINRA registered brokerage firms during his career, among others:

EMERSON EQUITY LLC (CRD#:130032) Registered with this firm since 6/13/2017
FIRST HEARTLAND CAPITAL, INC. (CRD#:32460) 05/12/2014 – 06/05/2017
Los Angeles, CA
LPL FINANCIAL LLC (CRD#:6413) 07/15/2011 – 05/21/2014 LOS ANGELES, CA

How to Recover your Investment Losses

A brokerage firm’s duty to supervise its advisors is a fundamental obligation under federal securities laws and FINRA rules. This duty is designed to protect investors.

If an advisor engages in misconduct, the firm can be held liable if it failed to detect or prevent the wrongdoing due to inadequate supervision. Firms that fail to supervise their advisors, can be held responsible for investment losses in a Financial Industry Regulatory Authority (FINRA) lawsuit.

Free Consultation

If you have suffered investment losses with Tony Barouti and Emerson Equity, the securities attorneys at the White Law Group may be able to help you by filing a FINRA lawsuit. Please call our offices at (888) 637-5510 for a free consultation. We review cases in all 50 states including California.

National Securities Attorneys

The White Law Group, LLC is a national law firm in securities fraud, securities arbitration, investor protection, and securities regulation and compliance. With offices in Chicago, Illinois and Seattle, Washington, the firm is dedicated to assisting investors across all 50 states with claims against their brokerage firms. Since its founding in 2010, The White Law Group has handled over 800 FINRA arbitration cases.

Last modified: February 10, 2025