- November 9, 2019
- Merrill Lynch
Ma Rosa Linan Abrego (CRD # 6122105) was a Financial Advisor at Merrill Lynch in McAllen, Texas. Ma Rosa Linan Abrego has been in the securities industry since 2016 and has spent the entirety of that time period with Merrill Lynch.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on June 10, 2019, Ma Rosa Linan Abrego was terminated by Merrill Lynch or the “misappropriation of client funds.” Following the termination, FINRA initiated an investigation, which ultimately led to a sanction, barring Ma Rosa Linan Abrego from the securities industry. According to the FINRA sanction, Ma Rosa Linan Abrego failed to cooperate in the FINRA investigation into whether she misappropriated client assets, which led to an automatic bar from the industry.
For a copy of Ma Rosa Linan Abrego’s FINRA sanction click https://www.finra.org/sites/default/files/fda_documents/2019063173201%20Ma%20Rosa%20Linan%20Abrego%20CRD%206122105%20AWC%20va.pdf.
For a copy of Ma Rosa Linan Abrego’s CRD, click https://brokercheck.finra.org/individual/summary/6122105#disclosuresSection.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
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