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.
$1.7M invested from an inheritance. Then the phone went dead.
The pre-IPO platform sold $430M in units while allegedly rigging prices behind the scenes.
A Nationwide survey finds 47% of GLP-1 users have never discussed the drugs’ financial impact with an advisor, even as many dip into savings.
The hundreds of millions of dollars from a sale of Inspired Healthcare properties does not mean an immediate windfall for investors.
Its SEC filings said one thing - a congressional probe said another.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
