Finra bars Merrill rep discharged for misappropriating client funds

Finra bars Merrill rep discharged for misappropriating client funds
Linan Abrego decided not cooperate with regulators investigating case.
NOV 07, 2019
The Financial Industry Regulatory Authority Inc. has barred former Merrill Lynch broker Linan Abrego for her failure to cooperate with an investigation into charges that she misappropriated client funds. Ms. Abrego, who was discharged by Merrill Lynch in June over allegations that she misappropriated client funds, refused to appear for on-the-record testimony into the allegations. She had been with Merrill Lynch in McAllen, Tex., for two years. [Recommended video:Personalization and custom communications are key to the evolving client experience]

Latest News

A second stint for Gallagher at SEC gets crypto world's attention
A second stint for Gallagher at SEC gets crypto world's attention

The former SEC commissioner Daniel Gallagher, now chief legal officer at Robinhood, could be a leading contender to lead the agency if Trump regains the White House.

Finra suspends trio of ex-brokers
Finra suspends trio of ex-brokers

Churning cost customers more than $6 million, according to Finra.

Why don't nearly half of Americans have any investments?
Why don't nearly half of Americans have any investments?

Janus Henderson survey exposes lack of education, generational divides, and gender gaps in investing behaviors.

A $40 trillion opportunity for financial advisors
A $40 trillion opportunity for financial advisors

The best investment advisors can make now is in their tax-planning knowledge.

Advisors’ wallets and hearts have to agree before selling their firm
Advisors’ wallets and hearts have to agree before selling their firm

Advisor-owners must acknowledge from the start that the keep/sell decision is a multi-faceted and difficult choice to make.

SPONSORED Destiny Wealth Partners: RIA Team of the Year shares keys to success

Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.

SPONSORED Explore four opportunities to elevate advisor-client relationships

Morningstar’s Joe Agostinelli highlights strategies for advisors to deepen client engagement and drive success