Roger Duvall: Washington Securities Division Alleges Misappropriation

Roger DuvallPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 18, 2019 indicate that former Washington-based Pruco Securities broker/adviser Roger Duvall has been named in a complaint by Washington state securities authorities. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Duvall (CRD# 2503718).

Roger Duvall has spent 23 years in the securities industry and was most recently registered with Pruco Securities in Bellevue, Washington (2018-2019). Previous registrations include MML Investors Services in Spokane, Washington (2017-2018); MSI Financial Services in Spokane, Washington (2007-2017); AllState Financial Services in Liberty Lake, Washington (2002-2007); Edward Jones in St. Louis, Missouri (1999-2001); Salomon Smith Barney in New York, New York (1998-1999); AG Edwards & Sons in St. Louis, Missouri (1997-1998); and DA Davidson & Company in Great Falls, Montana (1994-1997). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on November 23, 2007; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 14, 1994; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which he obtained on July 9, 1994; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on May 30, 1997. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one customer complaint and one pending regulatory complaint.

In May 2019 he was named in a complaint by the State of Washington in connection to allegations he executed unauthorized withdrawals of $46,400 from the brokerage accounts of three customers residing in Washington. According to the complaint, he misappropriated the funds in question by “depositing them into a credit union account” which he controlled. The allegations state further that two of the accounts belonged to elderly customers, and the owner of one was deceased; according to the complaint, Mr. Duvall withdrew money from that account “soon after the resident’s death.” in connection with these allegations, the Washington Securities Division issued a summary order suspending his registration and providing notice of its “intent to enter an order to revoke Duval’s securities registrations in Washington,” as well as to deny future applications for registration, and to issue fines and costs against him. The complaint remains pending.

In 2000 a customer alleged Roger Duvall, while employed at AG Edwards & Sons, executed excessive trades, misrepresented material facts, made unsuitable trades, and breached his fiduciary duty. The complaint settled for $60,000

If you or someone you know has a complaint regarding Roger Duvall, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.