If you were a client of Henry Duval, also known as Roger Allen Duvall, recent regulatory actions and client complaints reveal serious misconduct that may have impacted your financial security. Allegations against Duval include unauthorized withdrawals and misappropriation of client funds. In this blog, we will walk through the accusations, the regulatory responses, and what they could mean for investors.
If you or someone you know has been impacted by Henry Duval or another broker, don’t hesitate to reach out to Meyer Wilson today. Our attorneys are experienced in broker misconduct cases and will help to guide you through the process with a free consultation.
Understanding the Allegations Against Henry Duval
Some might say that Henry Duval’s (CRD#: 2503718) professional downfall began with his bar from the Financial Industry Regulatory Authority (FINRA) in 2020. However, even after losing his license, allegations were made from his time as a broker and investment adviser, particularly targeting vulnerable elderly clients.
Specific allegations against Duval include:
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Unauthorized Withdrawals from Elderly Client Accounts: Duval withdrew over $100,000 from an elderly client’s bank accounts without their knowledge.
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Defaulting on Repayment: He defaulted on repayment to his clients after soliciting them for a $50,000 investment for his book.
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Stealing From Customer Accounts: Two allegations were made in February 2025, each alleging Henry Duval stole $157,000 from their accounts.
His earlier accusations culminated in a cease-and-desist order from the Washington State Securities Division on October 8, 2024, citing violations of the anti-fraud provisions of the Securities Act of Washington.
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Regulatory Actions Against Duval and Legal Implications
Regulators and clients have taken multiple actions against Duval in response to his alleged misconduct. These actions aim to hold him accountable and protect investors from further harm.
Regulatory Actions
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FINRA Barred Duval: In 2020, FINRA barred Duval from associating with any FINRA member firm.
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Washington State Securities Division Order: Issued a cease-and-desist order in October 2024, reinforcing findings of unauthorized activity and fraud.
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Further Regulatory Disclosures: Additional actions against Duval were disclosed in November 2024, highlighting continuing scrutiny.
What This Means for Affected Clients
Clients impacted by Duval’s actions have legal rights and potential avenues for recovering their losses. Regulatory bodies and civil courts provide mechanisms to hold financial advisors accountable.
Possible Legal Actions for Clients
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Filing Complaints with Regulatory Agencies: Clients can file complaints with agencies such as the SEC or their state securities division.
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Pursuing Arbitration Claims: Although FINRA barred Duval, arbitration claims related to his past conduct may still be pursued against responsible parties.
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Seeking Civil Litigation: Clients can file lawsuits to seek restitution, particularly when fraudulent activity is involved.
The key to success in these cases is thorough documentation of interactions, account statements, and any related correspondence with Duval.
Meyer Wilson Protects Investors Harmed by Financial Advisor Misconduct
The case of Henry Duval highlights the devastating impact financial advisor misconduct can have on investors, especially vulnerable populations like retirees.
If you or someone you know has suffered losses due to the actions of brokers like Henry Duval, the experienced attorneys at Meyer Wilson are here to help. With more than 20 years in the industry and over $350 million recovered for our clients, our focus on investment fraud and securities litigation has helped many investors recover their losses. Contact us today for a free consultation to discuss your case and learn how we can assist you in protecting your financial interests.
Our lawyers are nationwide leaders in investment fraud cases.
Frequently Asked Questions
What are the primary allegations against Henry Duval?
Duval faces allegations of unauthorized withdrawals, misappropriation of client funds, and failure to disclose his loss of securities licensure.
What steps can clients take if they were harmed by Duval’s actions?
Clients can pursue arbitration, file regulatory complaints, and initiate securities lawsuits with a firm like Meyer Wilson to recover their financial losses.
What was the impact of FINRA’s bar against Duval?
The bar prevents Duval from working in any licensed financial advisory capacity, helping to protect future investors from similar misconduct.
How does the Washington State Securities Division’s order affect Duval?
The cease-and-desist order reinforces findings of fraudulent behavior and prohibits Duval from engaging in securities transactions in Washington.
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