Investors might have sustained losses due to securities broker Rita Mansour [CRD: 1968418, Toledo, Ohio], according to disclosures on FINRA BrokerCheck. Evidently, Mansour has been registered with McDonald Partners LLC since September 15, 2006, as a securities broker and since September 25, 2006, as a financial advisor. Keep reading to learn more about the disputes involving Mansour.
Notably, a McDonald Partners LLC client filed FINRA Arbitration No. 24-00661 about Rita Mansour. Particularly, the client alleged that Mansour failed to diversify investments, made unsuitable recommendations, and omitted material facts. Because of this, the client allegedly sustained damages on asset-backed bonds and corporate bonds. Therefore, on June 24, 2024, McDonald Partners LLC settled this matter by paying the client $60,000 in damages.
Also, on February 29, 2024, a McDonald Partners LLC client filed FINRA Arbitration No. 24-00406 about Rita Mansour. Evidently, the client alleged that Mansour made unsuitable recommendations in a private offering of securities. The client also alleged that Mansour omitted facts regarding the private placement and failed to update the client after they made the investment. Because of this, the client allegedly sustained damages. Therefore, the client requested $150,000 in compensation from McDonald Partners LLC or Mansour. Evidently, this arbitration is pending a resolution.
Additionally, a client filed a complaint about Rita Mansour. The client alleged that Mansour did not accurately disclose all material facts in connection with their investments in a private offering of securities. Because of this, the client allegedly sustained damages. On March 14, 2023, McDonald Partners LLC settled this matter by paying the client $262,500 in damages.
Mansour denied the allegation, stating that she accurately disclosed all material facts, including through the private placement memorandum and subscription documents.
Specifically, the United States Securities and Exchange Commission (SEC) issued Case: 3-20675 on December 10, 2021, sanctioning Rita Mansour for infractions. Allegedly, Mansour failed to disclose material information related to private securities offerings. Therefore, Mansour was ordered to cease and desist from committing or causing violations of federal securities laws.
The SEC found that Mansour’s employer conducted private securities offerings through pooled investment vehicles to raise funds for a resort in Montenegro. Between September 2013 and January 2017, McDonald Partners LLC offered and sold more than $14 million in securities to U.S. investors. In October 2016, Mansour and her employer became aware that an individual at the Montenegrin entity had misappropriated $488,331 in investor funds. Supposedly, Mansour nor her employer disclosed the misappropriation to existing investors. In early 2017, additional securities were sold without disclosing this issue to new investors.
As a result, Mansour was found to have caused violations of Sections 17(a)(2) and (3) of the Securities Act and Sections 206(2) and 206(4) of the Investment Advisers Act. The SEC ordered Mansour to pay a civil penalty of $40,000 and to cease and desist from causing or committing future violations.
Also, a McDonald Partners LLC client filed FINRA Arbitration No. 20-03621 about Rita Mansour. The client alleged that Mansour omitted facts in connection with the client's investment in a private securities offering. Additionally, the client claimed that Mansour failed to provide updates and other investment-related documents. Because of this, the client allegedly sustained damages on direct investments. Therefore, on May 9, 2022, McDonald Partners LLC settled this matter by paying the client $175,000 in damages.
Seeking more information about Rita Mansour? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Mansour and McDonald Partners LLC deny accusations of sales practice violations.
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