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Broker who sold GWG bonds faces deluge of investor complaints
'I intend to vigorously defend myself against these claims,' broker Tony Barouti states.
Lead broker-dealer seller of GWG L bonds sues its insurers
'No one is going to want to settle with broker-dealers over GWG claims until the bankruptcy is resolved,' an attorney said about the lawsuit filed by Emerson Equity.
Wholesalers at B-D that sold GWG bonds jump ship
When wholesalers leave a broker-dealer en masse, it's a signal that the firm's efforts to sell more product and generate more revenue could be greatly hampered.
Lead broker-dealer seller of GWG bonds reports potential trouble
In its annual audited financial statement, Emerson Equity reported that problems related to an unnamed offering potentially could harm the firm.
LA broker at lead firm that sold GWG bonds hit with complaints
Tony Barouti, a broker registered with Emerson Equity, faces two investor complaints alleging $1.37 million in damages, according to his BrokerCheck profile.
GWG prepping for bankruptcy: Sources
Investors in the $1.6 billion of bonds issued by GWG face dire consequence if the alternative asset manager files for bankruptcy.
$2 billion in GWG junk bonds sold by advisers are under pressure
GWG Holdings Inc., an investor in life settlements, missed $13.6 million in payments this month to investors in its L Bonds.
