
[Federal Register Volume 76, Number 231 (Thursday, December 1, 2011)]
[Notices]
[Page 74835]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-31047]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission will hold an Open Meeting on December 6, 2011 
at 10 a.m., in the Auditorium, Room L-002, to hear oral argument in an 
administrative proceeding regarding Theodore W. Urban, formerly general 
counsel, head of compliance, and member of the Board of Directors of 
Ferris, Baker Watts, Inc. (``FBW,'' now operating under the name RBC 
Wealth Management), a registered broker-dealer and investment adviser.
    Urban and the Division of Enforcement filed cross-appeals from the 
decision of an administrative law judge. The law judge found that 
Stephen Glantz, an FBW registered representative, engaged in various 
securities law violations while employed by FBW. She further found that 
Glantz was subject to Urban's supervision within the meaning of Section 
15(b) of the Securities Exchange Act of 1934 and Section 203(f) of the 
Investment Advisers Act of 1940; however, the law judge dismissed the 
proceeding against Urban because she concluded that Urban did not fail 
to exercise that supervision reasonably.
    Among the issues likely to be argued are (1) Whether Glantz engaged 
in violations of the securities laws; (2) whether Urban was a 
supervisor of Glantz under applicable law; (3) if so, whether Urban 
failed to exercise that supervision reasonably; and (4) if so, whether 
and to what extent sanctions should be imposed.
    For further information, please contact the Office of the Secretary 
at (202) 551-5400.

    Dated: November 29, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-31047 Filed 11-29-11; 4:15 pm]
BILLING CODE 8011-01-P


