Investors potentially incurred losses because of securities broker Thomas Marion McDonald [CRD: 326904, Cleveland, Ohio], according to publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, McDonald worked for McDonald Partners LLC from December 7, 2005, to March 17, 2025. See the following summary for details about McDonald’s disclosures and the disputes involving his investment recommendations.
McDonald Partners Investor Accused McDonald Of Failure To Conduct Due Diligence And Unsuitable Recommendations
Particularly, on February 21, 2024, a McDonald Partners LLC client filed FINRA Arbitration No. 24-00406 about Thomas McDonald. Primarily, the client alleged that McDonald failed to perform due diligence and made unsuitable recommendations on real estate securities. Because of this, the investor allegedly incurred damages relating to these investments. Therefore, the client requested $425,900 in compensation from McDonald Partners LLC or McDonald. It appears that this arbitration is pending a resolution.
Thomas McDonald Disclosed Misrepresentation Allegations By McDonald Partners Client
Additionally, a client of McDonald Partners LLC disputed Thomas McDonald’s sales practices, according to a complaint. Allegedly, McDonald made omissions of material fact in connection with a private placement. It appears that McDonald caused the client to sustain damages. As a result, McDonald Partners LLC opted to settle the matter on March 14, 2023, by compensating the client in the amount of $262,500.
McDonald Disclosed Omissions Allegations By McDonald Partners LLC Client
Specifically, a client of McDonald Partners LLC contested Thomas McDonald’s sales practices by filing FINRA Arbitration No. 19-02756. Allegedly, McDonald failed to provide adequate information regarding a contingency offering and did not provide accurate information regarding the underlying project’s status. It appears that McDonald caused the client to sustain damages associated with private securities offerings. Consequently, McDonald Partners LLC opted to settle the matter on December 10, 2020, by compensating the client in the amount of $82,500.
Thomas McDonald Disclosed Sales Practice Violation Allegations By McDonald Partners LLC Client
Notably, a client of McDonald Partners LLC disputed Thomas McDonald’s sales practices by filing FINRA Arbitration No. 20-03621. Allegedly, McDonald omitted material facts regarding the client’s investment in a private placement offering and did not provide documents or updates after the investment was made. It appears that McDonald caused the client to sustain damages linked to direct investments and private securities offerings. Therefore, McDonald Partners LLC opted to settle the matter on May 9, 2022, by compensating the client in the amount of $175,000.
Did You Invest With Financial Advisor / Securities Broker McDonald?
Do you need clarification on any investment losses relating to Thomas McDonald? You can contact Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. McDonald and brokerage firms McDonald worked for deny allegations of sales practice violations.
