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.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]