Case summary
On September 5, 2025, the Washington State Department of Financial Institutions Division of Securities entered a Final Order (S-25-4019-25-FO01) against Mercury Capital Advisors, LLC.
Order details
Order File: S-25-4019-25-FO01
Laws & Rules: RCW 21.20.110
Penalties/Remedies:
- Revocation of registration
- Bar from future registration
Findings
- The Securities Division entered a Statement of Charges and Notice of Intent to Revoke Registration and to Deny Future Registrations (the “Statement of Charges”) against Mercury in August 2025.
- The Statement of Charges alleged that FINRA expelled Mercury when it failed to request the termination of its suspension or a hearing in the period allowed by FINRA rules.
- The Statement of Charges further alleged that FINRA’s order expelling Mercury from FINRA membership constitutes an order entered by a self-regulatory organization, after notice and opportunity for a hearing, expelling a registrant from membership in such self-regulatory organization and is grounds pursuant to RCW 21.20.110(1)(e)(iii) to revoke Mercury’s broker-dealer registration and to deny any broker-dealer or investment adviser registrations that Mercury may seek in the future.
- The Statement of Charges advised Mercury that it had twenty days from the date on which the Statement of Charges was served to submit a request for an administrative hearing on the Statement of Charges. Mercury did not request such a hearing.
- The Final Order revokes Mercury’s broker-dealer registration and orders that any application for registration as a broker-dealer or investment adviser that Mercury may make in the future shall be denied.
Mercury may request an administrative hearing on the Order.