Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
The Financial Industry Regulatory Authority (FINRA) contains important information concerning the disputes involving securities broker Lori Ann Welborn (AKA Lori O’Bier and Lori Boland) (CRD#: 2344775, Richardson, Texas). It appears on BrokerCheck that six investors disputed Welborn’s sales practices, with one or more investors alleging unsuitable transactions by Welborn at BBVA Securities Inc. Here’s a closer look at the disclosures.
It appears that Lori Welborn worked for BBVA Securities as a securities broker from 2013 to 2021. She also worked for BBVA Compass Investment Solutions as a financial advisor from 2006 to 2013. Evidently, in January 2020, a client of the firm complained about her annuity sales. Mainly, the client alleged that Welborn’s fixed index annuity sale was not suitable. However, BBVA Securities denied this client’s allegations and claim for relief.
In the second most recent dispute listed on Lori Welborn’s BrokerCheck report, a client of BBVA Securities alleges misrepresentation. Supposedly, Welborn misrepresented and omitted features and terms on a variable annuity. However, the securities firm denied the client’s complaint.
It appears that Lori Welborn also used to work at Compass Brokerage Inc. and Lincoln Financial Advisors. BrokerCheck shows that two Compass Brokerage clients disputed Welborn’s variable annuity sales. Although the first Compass client alleged that the transaction was unsuitable, their matter was closed without resolution. A different client’s dispute, which also alleged an unsuitable variable annuity policy by Welborn, settled through compensation to the client.
Note that securities broker Lori Welborn denies all misconduct allegations against her. Have you experienced investment losses by interacting with this broker? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered substantial compensation for US clients who have experienced losses from their securities brokers and financial advisors.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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