Scott Silver Discusses Barred Broker Henry Duval’s Continued Misconduct

Silver Law Group founder Scott Silver was recently interviewed by Investment News for an article about Henry Duval, formerly known as “Roger Allen Duvall.” Duvall was barred by FINRA in 2020 after it found he was selling away and misappropriating funds while associated with MML and Pruco, two former employers.

“After learning about a bad actor who is barred, the securities industry should have a responsibility to put clients on notice,” Scott told Investment News about Duval. “It’s a dangerous situation. Brokers who get terminated for cause for being a bad actor may become even more aggressive.”

But leaving Pruco and being barred by FINRA didn’t stop Duval from misconduct. After unauthorized withdrawals of over $100,000 of client funds, resigning from Pruco, and a bar from FINRA, he continued to get more money from a 79-year-old former client.

Duvall never disclosed the loss of his securities license or FINRA’s sanctions to the elderly client, who was unaware that he was no longer licensed as a broker. The client’s first check was for $36,000, and issued to Duvall’s company, Retirement Base Camp. Then he transferred those funds to his personal bank account. Duvall made payments to the client’s bank account totaling $25,000. The Washington state securities division entered a summary order against Duval for several securities violations.

The client later received $40,000 in proceeds following the liquidation of a REIT (real estate investment trust). Duvall accessed the client’s bank account, withdrew $37,000 of that amount, and deposited it into his Retirement Base Camp account.

Later, the client told Washington’s state securities division that Duvall withdrew the money without her knowledge or authorization.

Duval’s current CRD shows that FINRA’s actions ended in 2020, but Washington state’s regulatory actions began in 2024. One disclosure dated 10/8/2024 is a cease-and-desist order stating that Duval violated the anti-fraud provisions of the Securities Act of Washington. The second is also from Washington and dated 11/5/2024 but without allegations.

Did You Or A Loved One Invest With Henry Duval?

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today at (800) 975-4345 and let us know how we can help.