News

Springfield’s Dick Van Dyke Loses Investment License

Springfield’s Dick Van Dyke Loses Investment License

Photo: clipart.com

A Springfield man has lost his license as an investment adviser.

Secretary of State Jesse White announced that Richard Lee Van Dyke, who was doing business as Dick Van Dyke Registered Investment Adviser, is accused of defrauding 21 of his clients.  All of the clients were senior citizens with ages ranging from 61 through 82 years of age.

Van Dyke allegedly advised them to substitute their existing Annuities and purchase new Index annuities, totaling more than 250 thousand dollars. Van Dyke earned more than 177 thousand dollars in commissions for the sales.

Van Dyke was fined 330 thousand, plus court costs and expert witness fees.

Recent Headlines

in Local

Mayor Not in Favor of Springfield Minimum Wage Hike

Fresh
Mike Houston

The mayor says the man who proposed the minimum wage increase doesn't understand what voters want.

in Local

Republicans Expect to Hang On to 18th Seat in Illinois

Il 18th District

Only candidate to announce a run for Aaron Schock's seat so far is Darin LaHood.

in Local

Rauner Stands By Right-To-Work Idea for Illinois

rauner

Governor Rauner stands by right-to-work zones in Illinois in spite of opinion issued by Lisa Madigan's office.

in Local

Catholic Bishops Call for Bell Ringing to Mark End of Civil War

church bell

Archdiocese of Chicago officials say the plan arose out of the denomination's annual meeting.

in Local

Eastern Ill. Lincoln Site to Commemorate 150th Death Anniversary

lincoln

The presentations are scheduled for the weekend of April 10 to 12.