Did you Purchase GWG L Bonds from Tony Barouti?
On September 9, 2022, attorney Marc Fitapelli announced that MDF Law represents over 40 clients of Tony Barouti. These clients have lost more than $5 million investing in GWG L Bonds and their cases are currently pending before the Financial Industry Regulatory Authority, or FINRA, in Los Angeles, California. If you invested more than $100,000 in GWG L Bonds through Emerson Equity or Tony Barouti, please call attorneys Marc Fitapelli or Jeffrey Saxon at 800-767-8040.
Marc Fitapelli’s Presentation to GWG L Bond Investors
Attorney Fitapelli Quoted in Investment News
On April 22, 2022, Investment News published a story about Attorney Marc Fitapelli. The story discussed one of the multi-million-dollar arbitration cases that the law firm filed against Emerson Equity involving Mr. Barouti and GWG. You can read more about that here: LA broker at lead firm that sold GWG bonds hit with complaints – InvestmentNews
FINRA: Barouti the Focus of Millions in GWG Complaints
According to records released by the Financial Industry Regulatory Authority, Tony Barouti has been the subject of many other investor complaints involving GWG. In addition to the $5 million in complaints filed by MDF Law, Barouti is also the subject of millions in other complaints filed by different attorneys.
Were You Told the Risks by Barouti Financial?
It may not have been appropriate for GWG Bonds to have been recommended to you in light of your specific financial needs. If you can answer YES to any of the following questions, then you may be able to pursue an arbitration claim for damages:
- You believed your interest was “guaranteed”
- If you did not understand that you could lose your entire investment
- You have a moderate or conservative risk tolerance
Tony Barouti is registered with Emerson Equity in California and operates his securities business through Barouti Financial Services. If you or someone you know purchased GWG L Bonds based on the recommendation of Los Angeles based broker, Tony Barouti (CRD 3031995) of Barouti Financial, you may be able to seek compensation for your damages. Investors have already filed arbitration cases against Emerson Equity related to the sale of GWG L bonds and we believe they were marketed by him.
Process for Filing a Claim
Did You Lose Money Investing with Tony Barouti?
If you lost money investing with Barouti Financial, we want to hear from you. Please contact our attorneys at 800-767-8040 for a free and confidential consultation. We only earn a fee if we are able to recover money on our client’s behalf.