The former general counsel of D.C.-Baltimore investment bank Ferris, Baker Watts Inc. appears to be off the hook after a Securities & Exchange Commission administrative law judge ruled Wednesday that he did not fail to reasonably supervise a rogue broker.

In a 57-page initial decision that may be reviewed by the SEC commissioners, Administrative Law Judge Brenda Murray found that as general counsel, Theodore Urban “performed his responsibilities in a cautious, objective, thorough, and reasonable manner.”

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