Luis Abreu Resigns from Merrill Lynch, Pierce, Fenner & Smith

Luis Abreu (CRD #: 6604422), a broker formerly registered with Merrill Lynch, Pierce, Fenner & Smith, resigned from that firm, according to his BrokerCheck record, accessed on March 2, 2023. Read on if you have questions about his alleged conduct as a broker.

Resignation from Merrill Lynch, Pierce, Fenner & Smith

On January 30, 2023, Luis Abreu resigned from Merrill Lynch, Pierce, Fenner & Smith following allegations of misconduct, including failure to communicate with clients before entering transactions in their accounts and accepting account instructions from an unauthorized family member of a client.

FINRA Rule 3260

FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. Discretionary accounts must also be approved by the firm before this trading can occur.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.

Investor Disputes

On March 1, 2023, an investor alleged that Luis Abreu executed unauthorized trades. 

In a dispute filed on December 16, 2022, an investor alleged that Luis Abreu executed unauthorized trades between October and November 2022. This dispute is currently pending.

Background Information

Luis Abreu has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination.

He previously worked for Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Luis Abreu and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.