The firm will pay $13 million in fines and restitution for failure to supervise.
Ivy League school is first elite university to win complete dismissal of such a lawsuit.
Gregory S. Brent declined to provide testimony for Finra inquiry into his termination.
Marc Ravenscroft kept reimbursement after receiving charge reversal.
Lynchburg, Va.-based advisory firm has 13 employees.
Securities regulator says firm failed to supervise agents over suitability.
Gerald Cocuzzo involved in $131 million market manipulation scheme.
George Thoreson tried to keep penny stock's price high to enable Nasdaq listing.
Brokers in Chicago and Nashville collectively managed $325 million.
Move will create global sustainable investing firm managing $13.9 billion
