The Securities and Exchange Commission dismissed a three-year case against the former general counsel of an investment bank whom the agency accused of failing to supervise a rogue broker.An order by a divided Commission, late Thursday, ended the agency’s controversial action against Theodore Urban, once general counsel of the former Ferris Baker Watts LLC, a Washington, D.C.-based brokerage and investment bank, now part of RBC Wealth Management.
via SEC drops supervisor case against ex-general counsel | Reuters.
