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Read MoreRita Mansour: $150K Complaint Against McDonald Partners Advisor
Toledo, Ohio financial advisor Rita Mansour (CRD# 1968418) recently received an investor complaint alleging that her advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that she is currently registered as a broker and an investment advisor with McDonald Partners.
Ms. Mansour’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in February 2024, alleges that as a representative of McDonald Partners, she recommended an unsuitable investment in a private offering and did not disclose or accurately disclose all material facts related to the product. The pending complaint alleges damages of $150,000.
In a statement included with the complaint’s disclosure, Ms. Mansour denied some of the allegations against her. “I deny the allegations that I did not disclose, and did not accurately disclose, all material facts in connection with claimant’s investment in a private placement offering, and did not provide updates and other documents after claimant made the investment,” she states.
A second investor complaint, filed in 2022, alleged that as a McDonald Partners representative, she did not accurately disclose all material facts related to a private offering investment. In 2023 the complaint reached a settlement of $262,500.
A third investor complaint, filed in 2020, similarly alleged that she failed to accurately disclose all material facts connected with a private offering. In 2022 the complaint reached a settlement of $175,000.
A fourth investor complaint, also filed in 2020, alleged that she recommended unsuitable investments and failed to accurately disclose material facts related to the products. The complaint reached a settlement of $225,000.
According to the Financial Industry Regulatory Authority, Rita Mansour holds 34 years of securities industry experience. Based in Toledo, Ohio, she has been a broker and an investment advisor with McDonald Partners since 2006. Her past registrations include McDonald Investments (Toledo, Ohio; 1997-2006), Painewebber (Weehawken, New Jersey; 1990-1997), and Shearson Lehman Hutton (New York, New York; 1989-1990). Her credentials include the passage of ten securities industry qualifying exams: the General Securities Sales Supervisor Examination (Options Module & General Module), or Series 8; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Operations Professional Examination, or Series 99TO; the Investment Banking Registered Representative Examination, or Series 79TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. She currently holds 38 state licenses. (Information current as of March 31, 2024.)
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