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.
Investors might have sustained losses due to securities broker Mahmoud Elawadi (also known as Mahmoud El Awadi) [CRD: 5319152, Orlando, Florida], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Mahmoud Elawadi worked for Wells Fargo Clearing Services LLC from February 28, 2019, to January 20, 2026. Read on to discover more about the securities broker’s disclosures.
Notably, on November 25, 2025, a Wells Fargo Advisors LLC client filed a written complaint about Mahmoud Elawadi. Mainly, the client alleged that Elawadi falsely induced the client to invest funds into a business that Elawadi owned, with the alleged conduct occurring between November 1, 2022, and November 25, 2025. Because of this, the client allegedly incurred damages. As a result, the client requested $1,500,000 in compensation from Wells Fargo Advisors LLC or Elawadi. This matter remains pending.
Also, Wells Fargo Clearing Services LLC disaffiliated with Elawadi on December 22, 2025. According to the securities firm, Elawadi allegedly solicited and facilitated a client investment in his outside business activity. The firm investigated that alleged conduct at the time of his discharge.
Do you need clarity on any investment losses relating to Mahmoud Elawadi? You can contact Soreide Law Group online or at (888) 760-6552 and speak with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of investors throughout the US. Also, the firm works on a contingency fee arrangement and advances all costs. Elawadi and brokerage firms Elawadi worked for deny any allegations of sales practice violations.
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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