The FBI earlier this week charged a missing Atlanta financial adviser, who went on the lam last month ahead of an investigation with the Securities and Exchange Commission, with one count of mail fraud.
On Monday, the Federal Bureau of Investigation said it had issued a warrant for the arrest of Christopher W. Burns, 37, who has been missing since he left his home on Sept. 24, according to a statement.
That was the day before he was supposed to turn over documents related to his businesses to the SEC. Burns is also under investigation by the Internal Revenue Service, according to the FBI.
The host of a local weekly radio show, Burns conducted business through a number of entities, including Investus Advisers, Investus Financial, Dynamic Money and Peer Connect, according to the agency, which believes the adviser has defrauded a number of victims out of hundreds of thousands of dollars.
Financial advisers under duress from regulators and investigations were commonplace during the financial crisis of 2008, and some even fled in an attempt to escape scrutiny into their businesses and practices.
Investus Advisers has no assets under management, according to its most recent Form ADV filing with the SEC. Christopher Burns is listed as the firm’s principal and chief compliance officer.
AI is no replacement for trusted financial advisors, but it can meaningfully enhance their capabilities as well as the systems they rely on.
Prudential's Jordan Toma is no "Finfluencer," but he is a registered financial advisor with four million social media followers and a message of overcoming personal struggles that's reached kids in 150 school across the US.
GReminders is deepening its integration partnership with a national wealth firm, while Advisor CRM touts a free new meeting tool for RIAs.
The Texas-based former advisor reportedly bilked clients out of millions of dollars, keeping them in the dark with doctored statements and a fake email domain.
The $3.3 trillion tax and spending cut package narrowly got through the upper house, with JD Vance casting the deciding vote to overrule three GOP holdouts.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
