According to FINRA, Mercury Capital Advisors, LLC was expelled from FINRA membership for failure to provide information or keep information current pursuant to FINRA Rule 9552.

The expulsion became effective on June 23, 2025. The firm was based in New York, New York and had CRD number 152338.

Prior to the expulsion, the firm had been suspended twice for the same reasons. The firm was suspended on June 2, 2025, and again on June 6, 2025, for failure to provide information or keep information current. When the firm failed to remedy the situation, the suspension converted to an expulsion.

FINRA Rule 9552 provides for expedited proceedings against firms that fail to provide information or documents requested by FINRA or fail to keep required filings current. This rule allows FINRA to quickly address situations where firms are not meeting basic regulatory obligations.

Expulsion from FINRA membership is the most severe sanction available against a member firm. An expelled firm can no longer conduct securities business with the public, effectively terminating its ability to operate in the industry.

For any investors who had relationships with Mercury Capital Advisors, the firm's expulsion means they should ensure their accounts and assets are properly transferred to another broker-dealer. Investors with questions about accounts or assets should contact FINRA or SIPC for assistance.

This case demonstrates that FINRA will take decisive action against firms that fail to comply with information requests and reporting requirements. These obligations exist to ensure regulatory oversight and investor protection, and firms that fail to meet them face serious consequences.