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Springfield’s Dick Van Dyke Loses Investment License

Springfield’s Dick Van Dyke Loses Investment License

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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.

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