CAROL L ABDO-BROWNSBERGER Fined and Suspended by FINRA

CAROL LYNN ABDO-BROWNSBERGER (CAROL L ABDO-BROWNSBERGER, CAROL LYNN ABDO) was fined and suspended by FINRA over allegations about her involvement in a foundation that received a $675,000 bequest from a deceased client’s estate, according to a recent article in Advisor Hub. She was listed with WELLS FARGO CLEARING SERVICES LLC of Daytona Beach, Florida from 01/01/2008 - 12/04/2023.

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, CAROL L ABDO-BROWNSBERGER was fined $5,000.00 and suspended for six months by FINRA.

Without admitting or denying FINRA’s findings, CAROL L ABDO-BROWNSBERGER consented to the sanctions and to the entry of findings that she allegedly 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.

FINRA’s disclosure dated 9/18/2025, stated that CAROL L ABDO-BROWNSBERGER allegedly certified to her firm that she would not have direct or indirect control over the investment decisions for the foundation. However, the FINRA report stated that Abdo-Brownsberger opened a brokerage account at another FINRA member for the foundation. In this account, CAROL L ABDO-BROWNSBERGER had control over and in fact made investment decisions on the foundation's behalf. The FINRA report alleges that CAROL L ABDO-BROWNSBERGER also certified to her firm that her role as trustee did not arise out of a firm customer or third-party service provider relationship. In fact, Abdo-Brownsberger allegedly used the foundation to receive money left by a customer.

FINRA’s findings also alleged that CAROL L ABDO-BROWNSBERGER opened the brokerage account for the foundation at the other member firm without prior written consent from her firm and failed to disclose the brokerage account until more than five months later, when she self-disclosed the account to the firm. FINRA stated that Abdo-Brownsberger falsely represented in a 2022 attestation and a 2022 compliance questionnaire that she had no undisclosed outside brokerage accounts.

CAROL L ABDO-BROWNSBERGER according to BrokerCheck, has been in the securities industry for 24 years and has been listed with 3 firms. She has two disclosures on her FINRA CRD report, the “Regulatory” fining and suspending her, and one “Employment Separation after Allegations” dated 11/8/2023.  Abdo-Browsberger was discharged from WELLS FARGO CLEARING SERVICES, LLC following the allegations of, “Financial Consultant discharged after allegations she failed to obtain approval prior to opening and directing investments in an outside account and receiving a portion of a deceased clients assets.”

According to the Advisor Hub article, Abdo-Brownsberger serves as president of a Daytona-based animal welfare non-profit For Paws & Tails Inc and is no longer registered as a broker or investment advisor. 

To discuss this article or any other securities issues, contact the Florida-based Soreide Law Group and speak to an experienced securities lawyer at no cost:  888-760-6552.

Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis.