Mercer Hicks III (also known as Toby Hicks) of Charlotte North Carolina a stockbroker currently registered with Southeast Investments N.C. Inc. is the subject of an investigation initiated by Financial Industry Regulatory Authority (FINRA) in which FINRA recommended that Department of Enforcement sanction or take disciplinary action against Hicks for making unsuitable investment recommendations or transactions constituting violations of FINRA Rules 2010 and 2111. Case No. 20170528673 (July 1, 2019).
FINRA Public Disclosure also confirms that Hicks has been thrice terminated from securities broker dealers for misconduct. Specifically, Hicks was associated with Robert Thomas Securities Inc. who discharged him founded on accusations of Hicks effecting a transaction in violation of the firm’s policy. Hicks was subsequently employed by Cantella Co. Inc., who terminated him based upon allegations that he forged a customer’s signature on annuity account documentation. Hicks was discharged by subsequent securities broker dealer, Capital Investment Group, supported by accusations against Hicks of misrepresentation and failing to conform to the firm’s policies.
