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

Chicago Lawyer Named to Monitor IDOT Hiring

Noelle Brennan

Noelle Brennan appointed to monitor hiring practices at IDOT.

in Local

Illinois Quarantine for Those Who Touched Ebola Patients

Quarantine

IDPH calls for 21 day quarantine for those exposed to Ebola virus.

in Local

Illinois GOP Unhappy About Counting of Absentee Ballots

voter

State GOP alleges law is not being followed in counting of absentee ballots.

in Local

Jacksonville Police Have “Person of Interest” in Shooting, No One in Custody

gun

Jacksonville Police say they have someone they want to interview in a shooting death from Friday morning.

in Local

Next Generation of Business Leaders Learn From an Internet Pro

computer

Dozens of area high school students spent their morning with a top executive in the social media world