Michael Moses falsely claimed 24% returns, and lost most of clients' money.
The firm will pay $13 million in fines and restitution for failure to supervise.
More than 698 deficiencies found in 1,200 exams, says NASAA.
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.
Brokers in Chicago and Nashville collectively managed $325 million.
