Roger Allan Duval: New Theft Allegations

Roger Allan Duval (aka Henry Duval), Pruco Securities, Bellevue, Washington

Former broker Henry Duval, previously known as Roger Allan Duval (CRD #2503718), is reportedly facing new allegations of theft after purportedly being barred from the securities industry in 2020, according to an article in Investment News. Duval, who reportedly resigned from Pruco Securities in 2019 following purported unauthorized withdrawals of over $100,000 from clients’ accounts, allegedly continued to target an elderly client, withdrawing more than $73,000 between 2019 and 2022.

Despite being barred, Duval allegedly solicited $36,000 from a 79-year-old client for his business, Retirement Base Camp, despite his alleged suspension. Additional unauthorized withdrawals totaling $37,500 were allegedly taken from the client’s account. Duval reportedly made small repayments to the client, amounting to around $25,000, allegedly to obscure his actions.

The Washington State Department of Financial Institutions has reportedly filed charges, accusing Duval of violating anti-fraud provisions of the Securities Act of Washington. The state is pursuing fines and a cease and desist order against Duval.

FINRA Reportedly Bars Roger Duval after Allegations of Converting Customer Funds

According to the public records from the Financial Industry Regulatory Authority (FINRA), on September 19, 2020 the regulator has reportedly barred Roger Allan Duval from associating with any FINRA member at any time.

According to a Letter of Acceptance Waiver and Consent (AWC), Duval allegedly converted approximately $130,000 from elderly customers for his own personal use. FINRA’s findings stated that “Duval convinced the elderly customers to establish and maintain brokerage accounts at a FINRA member firm, away from his employer member firms. Duval used the customers’ login credentials to access these accounts and wrote himself checks without their knowledge or authorization. Duval deposited these checks into his personal checking account and then transferred some of these funds into his personal brokerage account.”

FINRA Broker Check: Roger Allan Duval

According to his FINRA BrokerCheck report, Duval was registered with Pruco Securities in Bellevue, Washington from September 2018 until  May 2019. Prior to that, he was reportedly affiliated with MML Investors Services in Spokane, Washington for one year.

He spent ten years working for MSI Financial Services, Spokane, WA, according to his broker profile. He reportedly has three customer complaints filed against him, four judgments/liens, and two regulatory events on his broker record, according to FINRA.

Filing a Complaint against your Brokerage Firm

When brokers abuse client accounts or conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

If you are concerned about investments with Roger Allan Duval, the securities attorneys of The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington.