Finra has barred a former Merrill Lynch broker who had only been a registered representative for less than three years, the industry’s self-regulator says.
Ma Rosa Linan Abrego joined the financial services industry in April in 2012 “through an association with Merrill Lynch,” according to letter of acceptance, waiver and consent published by Finra.
She registered with the wirehouse as a general securities representative in November 2016, Finra says.
The wirehouse discharged Linan Abrego in June over allegations of misappropriation of client funds, according to BrokerCheck.
She then refused to appear for testimony in Finra’s investigation of her discharge, for which the regulator barred her, according to the letter of acceptance.
Linan Abrego consented to the bar without admitting or denying Finra’s findings, the regulator says.