The complainant alleges that beginning in or around 2014, the rep stole $157,000 from their accounts.

$157,000.00

The complainant alleges that beginning in or around 2014, the rep stole $157,000 from their accounts.

$157,000.00

Washington

N/A

Washington

S-23-3690-24-SC01 - Henry Duval (a/k/a Roger Duval) - Statement of Charges On October 8, 2024, the Securities Division entered a Statement of Charges and Notice of Intent to Enter Order to Cease and Desist, to Impose Fines and to Charge Costs (“Statement of Charges”) against Henry Duval (formerly known as Roger Duval) (“Respondent”) of Liberty Lake, Washington. The Statement of Charges alleges that the Respondent violated the anti-fraud provisions of the Securities Act of Washington in connection with funds that he received from a senior citizen client. The Securities Division intends to order the Respondent to cease and desist from violating the Securities Act of Washington and gives notice of its intent to impose a fine and to charge costs. The Respondent has a right to request a hearing on the Statement of Charges.

FINRA

Without admitting or denying the findings, Duval consented to the sanction and to the entry of findings that he converted approximately $130,000 from elderly customers for his own personal use. The 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.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

Indefinite

9/18/2020

The complainants allege that their representative, beginning on March 28, 2018, solicited them for a $50,000 investment, that would be structured as a loan to fund the representative's publication of a book. The complainants were promised repayment, but the representative has defaulted.

$30,000.00

Customer Alleges the rep did not fully disclose all the facts regarding investment objectives and misappropriated funds.

Washington

Roger Allan Duval, S-19-2683-19-TO01 - Summary Order. On May 24, 2019, the Securities Division entered a Summary Order to Suspend Registrations and Notice of Intent to Enter an Order to Revoke Registrations, Deny Future Registrations, Impose Fines, and Charge Costs against Roger Allan Duval. The Summary Order alleges that between June 2017 and April 2019, Duval made unauthorized withdrawals totaling $246,400 from three Washington resident brokerage accounts. Duval misappropriated the funds by depositing them into a credit union account under his control. Two of the accounts are held by elderly residents, and one account was owned by a deceased resident, which Duval withdrew funds from soon after the resident's death in 2017. The Summary Order suspends Duval's investment adviser representative and securities salesperson registration and gives notice of the Securities Division's intent to enter an order to revoke Duval's securities registrations in Washington, to deny future securities registration applications by Duval, and to impose fines and costs. The Respondent has a right to request a hearing on the Summary Order.

Consent

Bar (Permanent)

Broker-dealer, securities salesperson, investment advisor representative

permanent

Civil and Administrative Penalty(ies)/Fine(s)

$5,000.00

Monetary Penalty other than Fines

$5,000.00

Revocation

Cease & Desist

$25,970.27

Tax

$16,880.00

Tax

$29,779.00

Tax

$35,765.00

Tax

CUSTOMERS ALLEGED USE OF OPTIONS IN THEIR ACCOUNTS WERE UNSUITABLE. TIME FRAME WAS FROM FEBRUARY 1996 THROUGH AUGUST 1998. CUSTOMERS REQUESTED THE USE OF OPTIONS AND SIGNED ALL APPROPRIATE DOCUMENTS ATTESTING TO SUITABILITY. SETTLEMENT AND COMPLAINT OCCURRED AFTER MY TERMINATION SO I WAS NOT INFORMED OF THE SETTLEMENT AMOUNT

$120,000.00

$60,000.00