Clients of an Atlanta financial advisor who disappeared during an SEC investigation say they are worried he may have taken their money with him, according to news reports.
Chris Burns disappeared on September 25 amid an SEC investigation into his business, his wife told the Gwinnett County Police Department. Investigators in at least two Georgia counties have received calls about potential fraud related to Burns, WSBTV reported earlier this week.
Burns operated Sandy Springs, Ga.-based Dynamic Money and two associated financial groups which attracted the SEC’s scrutiny. Another company owned by Burns, Investus Companies, is on notice of being dissolved for failure to renew licensing.
Cpl. Collin Flynn with the Gwinnett County Police Department tells the TV news channel that that the police believe Burns left “with some money.”
WSBTV also reports that it has spoken to “several of Burns’ clients who all invested $300,000 to $500,000 in peer-to-peer loans.”
Burns’ whereabouts remain unknown, the TV news channel reports. The SEC previously declined comment to WSBTV.
Burns currently doesn’t face any criminal charges, and the police say they just want to know whether he’s OK, according to the news channel.
WSBTV earlier reported that Burns’ wife told police that she found his car and that his handgun was missing. In addition, the police said earlier this week that they considered Burns and armed and suicidal, according to the TV news channel.
But Kristen Novay, an attorney for Burns’ wife, tells The Atlanta Journal-Constitution that the initial police report “was mistaken” and all the weapons have been accounted for.
Furthermore, the family doesn’t believe that Burns was possibly suicidal, the publication writes.
A spokesman for the Gwinnett Police Department tells The Atlanta Journal-Constitution that representatives of the family have “better access to the most updated information” and that he would therefore defer to them.
Novay says that the family is cooperating with authorities for for Burns’ "safe return home,” according to the publication.
Burns started in the financial services industry in 2011 with One America Securities, where he stayed until 2014, according to BrokerCheck and the SEC’s Investment Adviser Public Disclosure database. He was then registered with Lloyd Advisory Services and Hornor, Townsend & Kent, until registering with Investus Advisers in March 2016, with the registration ending in December of the same year, according to the SEC.
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