Default Judgment and Order in re: Mercury Capital Advisors, LLC

STATE OF VERMONT
DEPARTMENT OF FINANCIAL REGULATION
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IN RE: MERCURY CAPITAL ) DOCKET NO. 26-006-S ADVISORS, LLC ) ) DEFAULT JUDGMENT AND ORDER
I. FINDINGS OF FACT

1. Respondent Mercury Capital Advisors, LLC (“Respondent”) is registered
   as a broker-dealer in Vermont.
2. Respondent’s principal place of business is in New York, and
   Respondent’s mailing address on file with the Securities Division is 280 Park Avenue, 36th Floor, New York, NY 10017.
3. Respondent’s broker-dealer Central Registration Depository number is
5. Respondent first registered with the Securities Division on October 18,
   2010 pursuant to the requirements set forth in 9 V.S.A. Chapter 150.
6. Respondent failed to make several required filings with FINRA, which
   resulted in Respondent’s suspension and then expulsion from FINRA. Respondent failed to timely file its February 2025 focus report and its March 2025 supplemental statement of income, form custody report, and focus report. Each failure to file was a violation of FINRA rules that resulted in suspension of Respondent’s FINRA membership. See Exhibit 1 (“FINRA BrokerCheck Report”).
7. Respondent failed to file its December 2024 annual audit report within the
   time permitted by FINRA rules. See FINRA BrokerCheck Report.
   Docusign Envelope ID: 50639041-3E3F-862B-835D-5E8CF95877BB

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7. Respondent failed to request a termination of its suspension from FINRA,
and as a result was expelled from FINRA membership pursuant to FINRA Rule 9552(h) on June 23, 2025. See Exhibit 2 (“FINRA Action”).
8. On July 9, 2025, the state of Utah cancelled Respondent’s broker-dealer
license because Respondent was no longer a FINRA member. See FINRA BrokerCheck Report.
9. On December 14, 2024, Respondent commenced a bankruptcy proceeding
in U.S. Bankruptcy Court in the Southern District of New York. See FINRA BrokerCheck Report.
10. On April 13, 2026, the Securities Division served upon Respondent the
Petition for Revocation of Registration (“Petition”) and Notice of Right to Request Hearing (“Notice”) filed in the above-captioned matter.
11. As of the effective date of this Default Judgment and Order, more than 30
days after service of the Petition and Notice, no answer, request for a hearing, or other defense to the Petition has been received from Respondent.
12. More than 10 days have passed since the Securities Division filed a
motion for default judgment in the above-captioned matter and served the motion on Respondent.
II. CONCLUSIONS OF LAW
13. Pursuant to 9 V.S.A. § 5412(b), the Commissioner is authorized to revoke
a registration issued under 9 V.S.A. Chapter 150 upon finding that such revocation is in the public interest and 9 V.S.A. § 5412(d) authorizes the revocation. Docusign Envelope ID: 50639041-3E3F-862B-835D-5E8CF95877BB

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14. Pursuant to 9 V.S.A. § 5412(d)(5)(C), the Commissioner is authorized to
take action under 9 V.S.A. § 5412(b) against a registrant if the registrant is the subject of an order, issued after notice and opportunity for hearing by a self-regulatory organization suspending or expelling the registrant from membership in the self-regulatory organization.
15. Because the Respondent was expelled by FINRA, the Commissioner is
authorized to revoke Respondent’s Vermont broker-dealer registration pursuant to 9 V.S.A. § 5412(b) and 9 V.S.A. § 5412(d)(5)(C).
16. Because no answer, request for a hearing, or other defense to the Petition
has been received from Respondent, and as more than 10 days have passed since the Securities Division filed a motion for default judgment, the allegations contained in the Petition are treated as proven and a default judgment may be entered in the above￾captioned matter pursuant to Sections 1.04(H) and (V) of the Vermont Department of Financial Regulation Administrative Procedures.
III. ORDER
17. Based on the findings of fact and conclusions of law set forth above, a
default judgment is entered against Respondent, and it is hereby ordered that the broker￾dealer registration of Respondent Mercury Capital Advisors, LLC is revoked, effective immediately. Docusign Envelope ID: 50639041-3E3F-862B-835D-5E8CF95877BB

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IV. RIGHT TO APPEAL
18. This Default Judgment and Order exhausts all administrative remedies
available within the Vermont Department of Financial Regulation. Respondent may appeal this Default Judgment and Order to the Vermont Supreme Court by filing a notice of appeal with the Vermont Department of Financial Regulation Docket Clerk and the Vermont Supreme Court within 30 days after the date of this Default Judgment and Order, in accordance with 8 V.S.A. § 16, 3 V.S.A. § 815, and the Vermont Rules of Appellate Procedure. Dated at Montpelier, Vermont this 10th day, June 2026. By:
Kaj Samsom
Commissioner of Financial Regulation
Vermont Department of Financial Regulation
Docusign Envelope ID: 50639041-3E3F-862B-835D-5E8CF95877BB