Richard Lee Van Dyke et al. v. Jesse White, Secretary of State, State of Illinois, et al.
Mar 21, 2019OUTCOME: The court agreed with PIABA that a dually-registered investment advisor and insurance agent is responsible for violations under the Illinois Securities Act, even when selling a non-securities product, such as an insurance product.
Deanna co-authored an Amicus Curiae brief on behalf of PIABA to address whether annuities are securities under the Illinois Securities Act, and whether an investment advisor who is dually registered as ... an insurance agent is responsible for violations of the Illinois Securities Act when selling an annuity. The brief was accepted by the Supreme Court of Illinois and considered in its March 21, 2019 order.
