In a case that could have wide repercussions for financial advisors and consumers, the State of Illinois last week filed civil charges against a financial advisor that essentially alleges he advertised on his website that he was a fiduciary when he was really just trying to sell annuities. The advisor says the government has it all wrong.
“I categorically deny all of their allegations as deceitful half- truths,” says Richard Van Dyke, Jr. “The charges were instigated by a regulator at the Department of Securities that has been spearheading this unfairly. He’s taken obse
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