91视频下载链接

Former Merrill Lynch Advisor Wins Expungement of Allegations Tied to CBD Business

Posted on January 16th, 2025 at 11:43 AM
Former Merrill Lynch Advisor Wins Expungement of Allegations Tied to CBD Business

From the desk of Jim Eccleston at 91视频下载链接

Charles Thomas “Todd” Mercer Jr., a former top Merrill Lynch advisor, successfully cleared his public record of allegations that hindered his ability to attract clients after transitioning to an independent practice. A FINRA arbitrator allowed Mercer to expunge claims that he failed to disclose potential involvement in an outside business activity tied to a CBD manufacturing company.

According to AdvisorHub, Mercer joined Sanctuary Wealth in December 2021 while under internal review at Merrill Lynch. Arbitrator F. Bradford Johnson concluded the allegations were false and permitted Mercer to remove a “termination after allegations” disclosure and a related $750,000 customer complaint from his BrokerCheck record. The complaint had been withdrawn, as reported by AdvisorHub.

Mercer had alleged that Merrill Lynch’s investigation and subsequent actions amounted to a “campaign of defamation and retaliation,” costing him clients, delaying his state licenses, and damaging his reputation.

After his departure, Mercer faced challenges in rebuilding his business. In September, Mercer and Merrill reached a separate, undisclosed settlement over monetary claims, according to AdvisorHub.

 

91视频下载链接 LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next

I am grateful to have found an outstanding law firm that specializes in securities matters. My lawyers were extremely knowledgeable, diligent, and are skilled litigators. No stone was left upturned. As a result of their experience and tenacity, the arbitration proceeding was dismissed in my favor.

Michael E.

LATEST NEWS AND ARTICLES

May 9, 2025
FINRA Suspends Former Wells Fargo Advisor Over Unauthorized Transfer in Elderly Client's Account

FINRA has fined and suspended former Wells Fargo financial advisor Jarrett Thomas after he executed a $50,000 transaction for an elderly client despite being informed that she was no longer capable of managing her finances.

May 8, 2025
All 50 States Now Aligned on Annuity Sales Standards

The annuity industry officially has secured uniformity in sales regulations across all 50 states.

May 7, 2025
Jury Finds Investment Advisor Liable for Failing to Disclose Annuity Commissions

A federal jury in Massachusetts has found investment adviser Jeffrey Cutter and his firm, Cutter Financial Group, liable for violating federal securities law by failing to disclose significant upfront commissions and conflicts of interest related to an annuity replacement scheme.