SEC Judge Finds Investment Bank GC Was Not Negligent in Supervising Rogue Broker
The former general counsel of investment bank Ferris, Baker Watts
appears to be off the hook after a Securities and Exchange Commission
administrative law judge ruled Wednesday that he did not fail to
reasonably supervise a rogue broker. While praising the SEC’s
“regulatory zeal” in going after Theodore Urban, Administrative Law
Judge Brenda Murray wrote that it was not in the public interest to
impose sanctions against him.
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