Investors might have sustained losses due to securities broker Rita Mansour [CRD: 1968418, Toledo, Ohio], according to disclosures on FINRA BrokerCheck. It appears that Rita Mansour has been registered with McDonald Partners LLC since September 15, 2006, both as a broker and as an investment adviser. Keep reading to learn more about the disclosures involving Rita Mansour and her conduct in the securities industry.
Specifically, a McDonald Partners LLC client filed FINRA Arbitration No. 24-00661 about Rita Mansour. The client alleged that Mansour failed to diversify investments, made unsuitable recommendations, and made omissions of material fact. Because of this, the client allegedly sustained damages on asset-backed bonds and corporate bonds. Consequently, on June 24, 2024, McDonald Partners LLC settled this matter by paying the client $60,000 in damages.
Evidently, a client of McDonald Partners LLC contested Rita Mansour’s sales practices by filing FINRA Arbitration No. 24-00406 on February 29, 2024. Allegedly, Mansour made unsuitable recommendations, made misrepresentations, and made omissions of material fact. Supposedly Mansour caused the client to sustain damages on direct investments and private securities. Therefore, the client seeks damages from McDonald Partners LLC or Mansour in the amount of $425,900 in this ongoing matter.
Particularly, a client filed a complaint about Rita Mansour. The client alleged that Mansour failed to accurately disclose facts in connection with the client’s 2014 and 2015 investments in a private offering of securities. Because of this, the client allegedly sustained damages on private placements. As a result, on March 14, 2023, McDonald Partners LLC settled this matter by paying the client $262,500 in damages.
Additionally, the United States Securities and Exchange Commission issued Case: 3-20675 on December 10, 2021 sanctioning Rita Mansour. Allegedly, Mansour took part in recommending and selling private investments linked to two pooled investment funds. These funds were created to raise money to support the construction of a resort overseas, using investor capital to buy debt tied to a company in Montenegro.
Between September 2013 and January 2017, McDonald Partners LLC, Mansour’s employer, sold more than $14 million in related securities to both brokerage and advisory clients in the United States. In October 2016, Mansour and her employer learned that a representative of the Montenegrin company had improperly spent over $488,000 in investor funds for personal use. Although that individual admitted wrongdoing and later agreed to repay around $335,000, no disclosure was made to investors at the time.
In early 2017, the firm raised another $1.5 million by continuing to offer similar investments to both new and existing clients—without informing them about the earlier misuse of funds. Mansour was responsible for recommending and selling a portion of these securities. Her actions led the firm to violate sections of both the Securities Act and the Investment Advisers Act.
Therefore, Mansour was ordered to cease and desist from further violations and was fined $40,000.
Specifically, a McDonald Partners LLC client filed FINRA Arbitration No. 19-00440 about Rita Mansour. The client alleged that Mansour violated the Ohio Securities Act, was negligent, breached a contract, and breached her fiduciary duty. Because of this, the client allegedly sustained damages. Consequently, on October 12, 2021, a FINRA Arbitration Panel issued an Award ordering McDonald Partners LLC to pay the client $160,000 in damages.
Do you have questions about investing through Rita Mansour? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney. Soreide Law Group has recovered losses for investors throughout the country, works on a contingency fee basis, and advances all costs. Mansour and brokerage firms Mansour worked for deny any allegations of sales practice violations.
Soreide Law Group is investigating potential investor claims involving Cove Capital 1031 Delaware Statutory Trust (DST) investments and whether brokers improperly recommended these specific tax-deferred real estate offerings. Cove Capital 1031 DSTs are structured investments that allow investors to reinvest proceeds from the sale of real estate into fractional interests in institutional-grade properties while deferring […]
Investors might have sustained losses due to securities broker Marc Charles Koch [CRD: 4978078, New York, New York], given the publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Koch worked for Morgan Stanley from March 30, 2023, to the present, First Republic Investment Management Inc. from November 7, 2022, to April 25, […]
Investors potentially incurred losses because of securities broker Stephen Charles Newell Hlibok (also known as Stephen Hlibok and Steve Hlibok) [CRD: 1728900, Columbia, Maryland], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Hlibok worked for Merrill Lynch Pierce Fenner Smith Incorporated from September 25, 1987, to the present as a broker, and from […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com