Thomas Marion McDonald, of Cleveland, Ohio, a stockbroker registered with McDonald Partners LLC, was the subject of a customer initiated investment related complaint that was settled on March 14, 2023, for $262,500.00 in damages based upon allegations that McDonald made omissions of material fact in connection with the sale of private placements when McDonald was associated with McDonald Partners LLC.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that McDonald is referenced in three other customer initiated investment related disputes concerning McDonald’s conduct while associated with securities broker dealers. On December 10, 2020, a customer initiated investment related FINRA securities arbitration claim involving McDonald’s conduct was settled for $82,500.00 in damages based upon allegations that McDonald made omissions in connection with the sale of private placements when McDonald was associated with McDonald Partners LLC. FINRA Arbitration No. 19-02756.
On October 12, 2021, a customer initiated investment related FINRA securities arbitration claim involving McDonald’s conduct resulted in the customer being awarded $160,000.00 in compensatory damages because McDonald and McDonald Partners LLC were held jointly liable for sales practice violations. FINRA Arbitration No. 19-00440. The Statement of Claim alleged McDonald committed fraud, breached his fiduciary duties, breached a contract, was negligent, and violated state securities laws.
McDonald was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $175,000.00 in damages based upon allegations that McDonald made misrepresentations about private placements and direct investments. FINRA Arbitration No. 20-03621 (May 9, 2022).
McDonald has been associated with McDonald Partners LLC as a stockbroker since December 7, 2005, and as an investment advisor representative since July 7, 2005.
