Bang Si-hyuk is worth about $3.2 billion after his company announced it April the acquisition of the company behind worldwide stars Justin Bieber and Ariana Grande.

The SEC argued that Westport Capital Markets and its owner, Christopher E. McClure, had 'generated significant undisclosed compensation' to the detriment of their clients.

As part of the revamp, the department has been renamed 'field supervision,' and the firm has promoted Steve Palmer, a first vice president of sales supervision, to lead it.

The advisor moves, acquisitions and mergers you may have missed the week of June 28, 2021.

In this week’s fund news, a new House bill would update restrictions on closed-end funds investing in private markets; advisor Ross Gerber launches an active ETF; and CoastalOne introduces an alternatives platform powered by WealthForge.

The wealth management company formally files to withdraw.

LPL Financial recruits $125 million advisor Brandon Chase from Raymond James.

The AdvisorShares Gerber Kawasaki ETF is based on nine investment themes advisor Ross Gerber expects will outperform in the post-COVID economy.