On May 9, 2018, FINRA announced that it barred former securities broker James Knee from associating with firms registered with FINRA. FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates securities brokers and brokerage firms.
In a Letter of Acceptance, Waiver and Consent (AWC), FINRA stated it barred Knee because he declined to appear to give sworn testimony during FINRA’s investigation. FINRA reported it was “investigating allegations that Knee misappropriated customer funds while registered with two FINRA broker-dealers.”
Previously, Marquardt Law Office LLC reported that a New Hampshire grand jury indicted Knee on charges he stole more than $490,000 from his client.
James Knee entered the securities industry in 1988 and has been registered with 10 broker-dealers. He was registered as a General Securities Representative and Investment Adviser Representative with Ameriprise Financial Services, Inc. from August 2012 through November 2015 and Voya Financial Advisors, Inc. from November 2015 through August 2016.
According to FINRA records, customers have settled two arbitration claims that alleged Knee’s misconduct caused their losses. The claims were filed in December 2015 and February 2017 and alleged the misconduct occurred while Knee was employed by Voya or Ameriprise.
If you suffered losses while investing with James Knee, contact Marquardt Law Office LLC to speak with a securities attorney and receive a free case evaluation. You may be able to recover your losses.
Marquardt Law Office LLC is a securities law firm located in Chicago, IL that represents clients nationwide who have suffered losses due to misconduct such as fraud and negligence.
