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

19 hours ago in Local

UIS Breaks Ground on Student Union

5-4-16 UIS Groundbreaking

Ground has been broken on what is being referred to as the "Living Room" for the students of the University of Illinois Springfield.

20 hours ago in Local

Aeropostale to Close Springfield, Forsyth Stores

aeropostale

Aeropostale files for Chapter 11.

20 hours ago in Local

Social Service Groups Sue Governor for $100M Past Due

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.

Five dozen social service agencies working without pay for nearly a year because of the Illinois state budget stalemate are suing Gov. Bruce Rauner.

20 hours ago in Local

Trial Set for 2 of 6 Men Accused of Dismembering Woman’s Body

Champaign Police Murder Arrests WAND

Two of the six men charged with dismembering a missing Champaign woman will be held for trial after a judge heard testimony from a detective.

21 hours ago in Local

Death Knell for Graduated Income Tax

tax

Sponsors blame Rauner