(CRD #3168629, Daytona Beach, Florida)

September 18, 2025 – An AWC was issued in which Carol Lynn Abdo-Brownsberger was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for six months. Without admitting or denying the findings, Abdo-Brownsberger consented to the sanctions and to the entry of findings that she made inaccurate statements to her member firm when seeking approval to serve as the trustee of a private foundation funded with assets from a customer’s estate. The findings stated that Abdo-Brownsberger certified to the firm that she would not have direct or indirect control over the investment decisions for the foundation. However, AbdoBrownsberger opened a brokerage account at another FINRA member for the foundation, where she had control over and made investment decisions on the foundation’s behalf. AbdoBrownsberger also certified that her role as trustee did not arise out of a firm customer or thirdparty service provider relationship. In fact, Abdo-Brownsberger used the foundation to receive money left by a customer. The findings also stated that Abdo-Brownsberger failed to obtain prior written consent from her firm to open the brokerage account for the foundation at the other firm and failed to disclose the brokerage account until more than five months later, when she selfdisclosed the account to the firm. Furthermore, Abdo-Brownsberger falsely represented in an attestation and a compliance questionnaire submitted to the firm that she had no undisclosed outside brokerage accounts. The suspension is in effect from October 6, 2025, through April 5, 2026. (FINRA Case #2023080407301) If you have suffered losses as a result of Carol Lynn Abdo-Brownsberger's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Carol Lynn Abdo-Brownsberger. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-330-6706 or email Matthew Schwartz directly at mschwartz@tslfirm.com.