Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

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 ÍøÆØ³Ô¹Ï

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 ÍøÆØ³Ô¹Ïalth 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 The complaint had been withdrawn, as reported by AdvisorHub.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.

 

ÍøÆØ³Ô¹Ï 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
Quotes Bigger

I learned two important things working with ÍøÆØ³Ô¹Ï. First, I made a friend and ally with Jim and Steph for life. Secondly, and this is a crucial life lesson - if you need counsel, then seek out the very best. Jim was referred to me by a most trusted source. I've never had to hire an attorney for anything. Now, I know the value of hiring an important partner. Meticulous, thorough and detailed in preparation is the best way to describe Jim. Brilliant too, I might add. Bottom line, I would highly highly recommend Jim and Stephany for your legal needs. One of the best life decisions I've ever made.

Howard S.

LATEST NEWS AND ARTICLES

1778000603 Law
May 5, 2026
Commonwealth Financial Network Resolves SEC Conflict of Interest Case

Commonwealth Financial Network has agreed to pay $5 million to resolve a long-standing conflict of interest case brought by the Securities and Exchange Commission, according to reporting by ThinkAdvisor.

1777908810 Law
May 4, 2026
KKR Limits Redemptions in Private Credit Fund Amid Rising Investor Withdrawals

KKR & Co.

1777663103 Law
May 1, 2026
Former Texas Advisor Pleads Guilty in Multi-Million Dollar Ponzi Scheme

A former financial advisor and media personality in San Antonio has admitted to defrauding clients in a large-scale Ponzi scheme involving hundreds of investors and millions of dollars, according to reporting by Financial Advisor News.