Nessim, president of Kingswood U.S. and CEO of Kingswood's SPAC, takes over the CEO duties of Derek Bruton, who has stepped down.
The SEC claimed George Blankenbaker raised more than $11 million from investors, while the Justice Department also charged him with wire fraud and money laundering.
The mergers, acquisitions and advisor moves announced from March 29 to April 2, 2021.
The advisors come from Kestra Investment Services, Key Investment Services, Bank of America Merrill Lynch and UBS Financial Services.