John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Soreide Law Group has filed a FINRA arbitration on behalf of their client (Claimant) against:
EMERSON EQUITY, LLC, and their registered representative,
TONY BAROUTI. (Respondents)
The Claimant is a retiree living in California who was looking for conservative investments that could generate a stable income to sustain him through retirement without any risk of loss to his principal. The Claimant heard EMERSON EQUITY broker, TONY BAROUTI, on the radio speaking about a “no risk,” “collateral backed” investment.
In February of 2020, TONY BAROUTI allegedly invested $51,702.32 of the Claimant’s funds into GWG bonds. According to the lawsuit, BAROUTI allegedly described GWG as safe, secure and asset backed and did not mentioned the company was losing hundreds of millions of dollars in bad investments and GWG was reliant upon new investor funds to stay afloat. On April 20th, 2022, GWG Holdings filed Chapter 11 bankruptcy which could potentially wipe out a significant portion of the Claimant’s life savings. The lawsuit alleges the Claimant was never warned of many factors concerning GWG Holdings.
The lawsuit alleges EMERSON EQUITY and their registered representative, TONY BAROUTI’s actions have caused damages to the Claimant of approximately $51,702.32 plus costs.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, TONY BAROUTI (AHMAD AGHA BAROUTI, AHMAD BAROUTI), has been in the securities industry for 23 years and has been listed with 9 firms. BAROUTI has 27 disclosures on his FINRA CRD report. The significance of BAROUTI’S customer complaints is underscored in FINRA’s NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words BAROUTI’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints. All 27 disclosures are “Customer Disputes,” with 25 of them filed in 2022 which are all still pending. Several of the disputes are requesting damages over $1 million. Some of the allegations are: Failure to disclose, breach of fiduciary duty, negligence, negligent misrepresentation, breach of contract, and overconcentration, to name a few.
TONY BAROUTI has been registered with the following firm since 6/13/2017.
EMERSON EQUITY LLC
11661 San Vicente Blvd Suite 414
Los Angeles, CA 90049
Soreide Law Group is currently handling several GWG Bond loss cases due to various broker/dealers. If you have experienced financial losses due to the actions or recommendations of EMERSON EQUITY’s broker, TONY BAROUTI (AHMAD AGHA BAROUTI, AHMAD BAROUTI), contact Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis, no fee to you if no recovery.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
Phone:
Fax: 1-954-760-6553
Email: [email protected]