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

9 hours ago in Local

UPDATE: Budget Plan Passes Amid GOP Outrage

Generic WTAX

$7B unbalanced; $700M bump for schools

13 hours ago in Local

Bomb Threat Unfounded at Butler Elementary School

Butler Elementary School

Butler Elementary School is back to normal after a bomb threat caused it to be evacuated for a short time Wednesday.

14 hours ago in Local

AP NewsBreak: Rauner Board Asked Builders to Lobby Lawmakers

Illinois Republican gubernatorial candidate businessman Bruce Rauner participates in a Republican gubernatorial candidate debate Tuesday, Feb. 18, 2014, in Springfield, Ill. The four Republican gubernatorial candidates said that they’ll be willing to work with unions if elected but differed on how to approach the relationship during a downstate debate that largely focused on pension reform, taxes and just briefly on personal issues that have dogged some of the candidates.

Good-government advocates are criticizing the head of an agency managing state construction projects for asking builders to lobby lawmakers to restore funding.

14 hours ago in Local

House Fails to Override Labor Arbitration Veto

5-18-16 Rally 1

The labor arbitration bill remains dead.

15 hours ago in Local

Another Leaders Meeting, Optimism Dissolving

capitol_north

The last days of session are a flurry of activity, if not progress.