Tony Barouti Fined, Linked To Emerson Equity Investors’ Breach Of Fiduciary Duty Complaints

SEC sanctioned securities broker Tony Barouti (also known as Ahmad Agha Barouti) [CRD: 3031995, Los Angeles, California], and investors complained about him, based on publicly available information Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Barouti has been registered with Emerson Equity LLC since June 13, 2017. Read below to find out more about the disclosures concerning Barouti.

SEC Fined Ahmad Barouti For Regulation Best Interest Violations

Specifically, on August 11, 2025, the United States Securities and Exchange Commission issued Case: none listed sanctioning Tony Barouti for infractions. Specifically, Barouti was ordered to cease and desist, censured, fined $50,000, ordered to disgorge $50,140, and required to pay an additional monetary penalty of $12,501. Evidently, the SEC alleged that Barouti failed to comply with Regulation Best Interest when recommending corporate bonds issued by GWG Holdings Inc.

According to the SEC, Barouti recommended GWG “L Bonds” to ten retail investors between June 30, 2020, and April 12, 2021, without conducting proper diligence or evaluating whether the products were in the investors’ best interest. The Commission alleged that he violated both the Care Obligation and the General Obligation under Regulation Best Interest by making recommendations without fully considering client investment profiles or the rewards, risks, and costs tied to these investments. The SEC determined these failures amounted to willful violations of federal securities laws.

Emerson Equity LLC Investor Accused Tony Barouti Of Breach Of Fiduciary Duty

Particularly, on June 24, 2025, an Emerson Equity LLC client filed FINRA Arbitration No. 25-01296 about Tony Barouti. Primarily, the client alleged that Barouti failed to supervise, breached his fiduciary duty, and made negligent misrepresentations. For this reason, the client allegedly sustained damages on corporate bonds. Consequently, the client requested $300,000 in compensation from Emerson Equity LLC or Barouti. This arbitration is pending a resolution.

Investor Accused Ahmad Barouti Of Negligence

Specifically, on June 4, 2025, an Emerson Equity LLC client filed FINRA Arbitration No. 25-01106 about Tony Barouti. Mainly, the client alleged that Barouti violated Regulation Best Interest, overconcentrated accounts, breached a contract, made negligent misrepresentations, was negligent, and breached his fiduciary duty relating to corporate bonds. Therefore, the client requested $25,000 in compensation from Emerson Equity LLC or Barouti. This arbitration is pending a resolution.

Tony Barouti Disclosed Breach Of Contract Allegations By Emerson Equity LLC Client

Also, a client of Emerson Equity LLC contested Tony Barouti’s sales practices by bringing FINRA Arbitration No. 25-00920 on May 12, 2025. Allegedly, Barouti violated Regulation Best Interest, overconcentrated accounts, breached a contract, made negligent misrepresentations, was negligent, and breached his fiduciary duty. Supposedly, Barouti caused the client to sustain damages connected to corporate bonds. Consequently, the client seeks compensation from Emerson Equity LLC or Barouti in the amount of $205,850 in this ongoing matter.

Emerson Equity LLC Investor Accused Ahmad Barouti Of Violation Of California Securities Law

Also, on April 14, 2025, an Emerson Equity LLC client filed FINRA Arbitration No. 25-00765 about Tony Barouti. Primarily, the client alleged that Barouti violated California’s Securities Act, breached a contract, breached his fiduciary duty, and was negligent concerning sales of corporate bonds. As a result, the client requested $400,000 in compensation from Emerson Equity LLC or Barouti. This arbitration is pending a resolution.

Were You Impacted By Financial Advisor / Securities Broker Tony Barouti?

Are you concerned regarding investments you made with Tony Barouti? If so, reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Barouti and brokerage firms Barouti worked for deny accusations referenced in public disclosures.