Were you the victim of former Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Todd Mercer (CRD# 2270311) who is accused of selling away? Todd Mercer has been registered with Sanctuary Advisors, LLC in Louisville, Kentucky since December 2021. Previously, Todd Mercer was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Louisville, Kentucky from 2012 to 2021, when he was terminated regarding, “Conduct including failure to disclose outside business activities, failure to follow Firm standards regarding selling away and participating in a financial arrangement with a client.”
Todd Mercer Customer Complaints
Todd Mercer has been the subject of two customer complaints between 2000 and 2021, according to his CRD report. The most recent complaint is regarding:
November 2021. “The Plaintiff, who is not a customer of the firm, alleges selling away in September of 2019, and that the Financial Advisor engaged in an undisclosed outside business activity.” The case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Merrill Lynch, Pierce, Fenner & Smith Incorporated may be liable for investment or other losses suffered by Todd Mercer’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.