Haselkorn & Thibaut Announces Investigation Into Larry B. Duncan, West Point, GA — Raymond James Financial Services
If you’re an investor with Larry B. Duncan (CRD #1041610), based in West Point, Georgia, and affiliated with Raymond James Financial Services, Inc., it’s crucial to stay informed about any developments that may impact your investments. Haselkorn & Thibaut, a national investment fraud law firm, has opened an investigation into Mr. Duncan’s advisory conduct. With over 50 years’ experience, a 98% success rate, and millions recovered for clients nationwide, their team is committed to helping those who have concerns about their brokerage accounts. Before you make your next financial decision, review the latest details below—and learn how you can get a free confidential consultation at 1-888-885-7162.
About Larry B. Duncan
- Full Name: Larry Bernard Duncan (also listed as Larry B. Duncan)
- CRD Number: 1041610
- Current Office: 802 1st Avenue, West Point, GA, 31833
- Current Employer: Raymond James Financial Services, Inc. (Broker) and Raymond James Financial Services Advisors, Inc. (Investment Adviser)
- Registered Since: March 2010
- Other Roles: Owner, Client First Financial Services, LLC (West Point, GA); Trustee, MissionSource Ministries (West Point, GA)
- Past Firms:
- Morgan Stanley Smith Barney (2009–2010)
- Citigroup Global Markets Inc. (2003–2009)
- The Robinson-Humphrey Company, LLC (1992–2002)
- A.G. Edwards & Sons, Inc. (1982–1992)
Overview of Recent Complaint and Disclosures
Investors are keenly interested in whether their financial advisor has any past or pending complaints. When working with a broker, trust is essential—but so is transparency. As of the most recent search, one pending customer dispute is associated with Mr. Duncan:
| Date Filed | Case No. | Allegations | Reported Damages | Status |
|---|---|---|---|---|
| August 26, 2025 | FINRA 25-01808 |
Unsuitable investment strategy involving excessive concentration in mutual funds and ETFs. “Hold” recommendations allegedly increased exposure risk. |
$100,000 | Pending |
Key Details of the Pending Dispute
- The complaint alleges a strategy that over-concentrated client accounts.
- The products in question were mutual funds and ETFs.
- The client claims Mr. Duncan also recommended they hold these positions, rather than rebalance or diversify, during a period when diversification could have mitigated losses.
- If these recommendations took place after June 30, 2020, they are subject to SEC Regulation Best Interest, which means Mr. Duncan had a duty to act in the client’s best interest, not his own.
Current Regulatory and Litigation Background
- No prior regulatory actions, disciplinary events, or lawsuits identified through FINRA, the SEC, or state regulatory databases as of August 2023.
- No press reports, litigation, or media coverage reflecting investor complaints outside the currently pending FINRA arbitration.
- Raymond James Financial Services’ internal compliance records, as reflected by available disclosures, report “No” to prior complaints and regulatory actions.
Red Flags and What Investors Should Know
Even a single pending arbitration can be a red flag, especially when it involves core suitability rules. The suitability of investment recommendations—and any advice to “hold” positions—must align with your individual risk tolerance, financial objectives, and time horizon. Unsuitable advice may expose you to unnecessary risk. If you’ve been advised to concentrate your investments in a narrow selection of funds or securities, consider reviewing the suitability and best-interest standards with an independent professional.
Your Rights as an Investor
- Financial professionals are required to recommend only those strategies and products that are suitable for your risk profile and financial goals.
- If you believe you’ve suffered losses due to unsuitable investment advice or over-concentration, you may have the right to seek recovery through FINRA arbitration.
- The best-interest standard (Reg BI) obligates brokers to put your interests first for any recommendations made after June 30, 2020.
The Importance of a Thorough Review
If your portfolio appears inconsistent with your goals—or if you have questions about the actions of Larry B. Duncan of Raymond James Financial Services, Inc., West Point, Georgia—it’s worthwhile to get a professional case review.
How Haselkorn & Thibaut Can Help
- Free confidential consultation: Speak with experienced investment fraud lawyers at 1-888-885-7162
- No recovery, no fee: You pay nothing unless money is recovered for you
- National representation: Haselkorn & Thibaut assists investors nationwide
- 50+ years of combined experience and a 98% success rate
In Summary
While Larry B. Duncan currently has one pending arbitration regarding his recommendations as a financial advisor at Raymond James Financial Services, Inc., his broader regulatory history does not, at this time, reflect any other complaints, lawsuits, or regulatory actions. However, even isolated pending complaints can signal the need for caution and review.
Take the Next Step to Protect Your Investments
- Concerned about your investment portfolio? Have you experienced unexpected losses, or do you want a second opinion on your Raymond James account?
- Contact Haselkorn & Thibaut to discuss your situation, confidentially and at no cost, at 1-888-885-7162.
- For immediate broker background information, visit FINRA BrokerCheck.
Don’t wait until it’s too late to explore your recovery options. Your peace of mind and financial security matter—reach out today to Haselkorn & Thibaut for support.
