Innotrac Corporation

The troubles for Ferris, Baker Watts Inc. started in this city 20 years ago with an unlikely friendship. David A. Dadante was an admitted drug user and blackjack addict who faced foreclosure on his suburban home after a string of bad luck at the tables...

Baltimore brokerage Ferris Baker Watts Inc. has offered a settlement worth more than $16 million to victims of an investment fraud that was aided by a former broker at the firm, according to court documents filed this week. The proposed settlement, which...

David A. Dadante was making questionable stock trades almost immediately after Ferris Baker Watts took him on as a client in early 2003. By May of that year, Ferris management was concerned enough to launch an internal investigation. By early 2004,...

Ferris, Baker Watts is negotiating a settlement with the Securities and Exchange Commission that could result in a civil fine of $1.2 million or more and lead to additional penalties against current and former employees, according to regulatory...

Ferris Baker Watts employees expressed concerns to top executives in 2003 about an Ohio fund manager's stock trades, yet the firm let him keep trading for much of the next year and maintained the account until the fund was shut down amid fraud allegations...

Ferris Baker Watts said yesterday that its director of retail sales will return to work tomorrow while the brokerage and federal officials continue to probe an alleged stock manipulation scheme carried out by a former client. Patrick Vaughan was among...

An Ohio fund manager used brokerage accounts at Baltimore's Ferris Baker Watts to engage in a stock manipulation scheme, borrowing millions of dollars from the firm to finance trades even as his activities raised concerns, according to a criminal...

Ferris Baker Watts said yesterday that two traders will be allowed to return to work while the brokerage and federal officials probe trades on behalf of a former client accused of stealing millions of dollars from investors. The two are among six top...

Ferris Baker Watts, the century-old investment brokerage with deep Baltimore roots, said yesterday that six executives and traders have resigned or taken temporary leave since federal officials and outside counsel began investigating the firm's trades for...

Two Ferris Baker Watts executives have taken voluntary paid leave while federal regulators probe the firm's trades on behalf of a client who allegedly bilked investors out of tens of millions of dollars. The Baltimore investment firm said Louis Akers Jr....

Louis Akers Jr., vice chairman and former chief executive of Ferris, Baker Watts Inc., has taken early retirement from the Baltimore brokerage, making him the highest-ranking executive to leave since federal investigators began probing the company's...