Larry Duncan is the Subject of a $100,000 Investor Dispute

Larry Duncan (CRD #: 104160), a broker registered with Raymond James Financial Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 24, 2025. Keep reading if you have questions regarding his alleged conduct.

Investor Allegations

On August 27, 2025, an investor alleged that Larry Duncan recommended an unsuitable investment strategy that concentrated his accounts and then recommended that the claimant hold those positions. The investor is seeking $100,000.

Overconcentration and Suitability

FINRA Rule 2111 requires brokers to recommend securities that suit an investor’s financial goals. Investment strategies must also meet the requirements of suitability. A common unsuitable investment strategy is overconcentration, which can increase the risk for an investor beyond what is appropriate for their financial goals.

Background Information

Larry Duncan has passed the following exams:

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 3 National Commodity Futures Examination
• Series 7 General Securities Representative Examination 
• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 9 General Securities Sales Supervisor – Options Module Examination
• Series 8 General Securities Sales Supervisor Examination (Options Module & General Module)

He is a registered broker in 16 states and is a registered investment adviser in Alabama, Georgia, and Texas.

Larry Duncan has registered with the following firms:

• Raymond James Financial Services (CRD #: 6694)
• Raymond James Financial Services Advisors (CRD #: 149018)
• Morgan Stanley Smith Barney (CRD #: 149777)
• CitiGroup Global Markets (CRD #: 7059)
• The Robinson-Humphrey Company (CRD #: 723)
• G. Edwards & Sons Inc. (CRD #: 4)

Kurta Law Can Help

If you worked with Larry Duncan and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.