Rita Mansour (CRD #: 1968418), a broker and an investment adviser registered with McDonald Partners LLC, is facing multiple allegations that she did not disclose material facts related to certain securities, according to her BrokerCheck record, accessed on August 26, 2020. There is also an allegation that she made an unsuitable investment recommendation.
On August 6, 2020, clients alleged that Rita Mansour made unsuitable investment recommendations in a private offering of securities, and that she did not adequately disclose the risks and other material facts regarding the investments. The clients are seeking $650,000 in damages; the dispute is pending.
Brokers are required to disclose any material facts that might affect their client’s decision to invest. This is broadly covered in Rule 2010, which states that a broker must observe “high standards of commercial honor.”
On June 25, 2020, a client alleged that Rita Mansour did not accurately disclose all material facts related to an investment in a private placement offering. The client is seeking $250,000; the dispute is pending.
On December 24, 2019, a client alleged that Rita Mansour made insufficient disclosures about a certain security, made unsuitable investment recommendations, and did not perform adequate due diligence. The client is requesting $100,000; the dispute is pending.
On September 30, 2019, a client alleged that Ms. Mansour did not provide sufficient information regarding the source of funds raised for a contingency offering. The client is seeking $250,000; the dispute is pending.
Rita Mansour has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 31 Futures Managed Funds Examination, the Series 7 General Securities Representative Examination, and the Series 8 General Securities Sales Supervisor Examination.
Rita Mansour is a registered broker in Alabama, Arizona, California, Colorado, Connecticut, D.C. Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, and Wisconsin. Ms. Mansour is also a registered investment advisor in California, Ohio, and Texas.
During her 31 years of experience, Rita Mansour has worked at the following firms:
- McDonald Investments Inc (CRD #: 566)
- Painewebber Inc. (CRD #: 8174)
- Shearson Lehman Hutton Inc. (CRD #: 7506)
If Rita Mansour was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email firstname.lastname@example.org for your free case consultation with a securities attorney.