Advisor Alert: Our Attorneys Are Investigating James Knee For Investment Fraud
Did You Lose Money Because of Jim Knee (previously with Voya Financial Advisors)?
Filed: October 25, 2023
Jim Knee (also known as James Knee) currently has one (1) pending investigation. Overall, he has been the subject of one (1) termination event, one (1) regulatory event, one (1) investigation, and eight (8) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on James Edward Knee.
Who Is James Edward Knee?
- Advisor Name: James Edward Knee
- Aliases: Jim Knee
- CRD: 1852920
- Location: Concord, New Hampshire
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: Voya Financial Advisors, Inc., Ameriprise Financial Services, Inc., and Investors Capital Corp.
- Number of Known Customer Complaints: 8
- Number of Known Termination Events: 1
- Number of Known Regulatory Events: 1
- Number of Known Investigations: 1
- Can James Knee Be Sued: Yes, in Private Arbitration
- Can James Knee’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $100,000
- Highest Settlement: $82,290
If you have suffered investment losses by James Knee, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Jim Knee For Broker Misconduct
As of this publication date, James Knee has been the subject of 1 termination event, 1 regulatory event, 1 investigation, and 8 customer disputes. Let’s review them below.
In July 2020, a complaint was filed against or in reference to James Knee by a customer of Voya Financial Advisors, Inc. alleging that Mr. Knee deceptively led the client to purchase certain annuity products in 2016. Per the customer, he/she lost over $84, 124 due to Mr. Knee’s actions. On June 13, 2018, Mr. Knee settled the claim for $82,290, and some or all of this amount may have been paid by Mr. Knee’s employer and/or insurance carrier.
In February 2019, a complaint was filed against or in reference to James Knee by multiple customers of Ameriprise Financial Services, Inc. alleging that Mr. Knee misrepresented the terms of their AIG annuity purchase in June of 2015. Per the customers, they lost over $6,868.48 due to Mr. Knee’s actions.
In February 2019, a complaint was filed against or in reference to James Knee by a customer of Ameriprise Financial Services, Inc. alleging that Mr. Knee misrepresented the terms of the client’s AIG annuity purchase in July of 2014. Per the customer, she lost over $20,615.79 due to Mr. Knee’s actions.
In May 2018, FINRA initiated a regulatory action against or in reference to Mr. Knee for not admitting or denying the findings. Knee consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony as requested by FINRA in connection with an investigation into allegations that he misappropriated customer funds while registered with two FINRA member firms.
In February 2017, a complaint was filed against or in reference to James Knee by a customer of Voya Financial Advisors, Inc. alleging that Mr. Knee withheld information from the client. Client stated that some information on a document he signed was not on the document when he signed it in January 2016 and is not an accurate representation of his financial picture. On April 18, 2017, Mr. Knee settled the claim for $23,749.38, and some or all of this amount may have been paid by Mr. Knee’s employer and/or insurance carrier.
In August 2016, the State of New Hampshire initiated an investigation against or in reference to Mr. Knee. As of this publication date, this investigation remains pending.
In August 2016, Voya Financial Advisors terminated Mr. Knee for failure to cooperate in an internal investigation relating to potential receipt by the representative of a cash gift from a customer.
In June 2015, a complaint was filed against or in reference to James Knee by a customer of Ameriprise Financial Services, Inc. alleging that the client’s February 2015 purchase of a royalty trust was a poor investment and was unauthorized. Per the customer, he/she lost over $84,124 due to Mr. Knee’s actions. On June 13, 2018, Mr. Knee settled the claim for $17,000, and some or all of this amount may have been paid by Mr. Knee’s employer and/or insurance carrier.
In March 2008, a complaint was filed against or in reference to James Knee by a customer of Cantella & Co., Inc. alleging that Mr. Knee sold securities in May 2006 that the client instructed him not to sell. The client added that the sale caused her to suffer a tax penalty. Per the customer, she lost over $22,651 due to Mr. Knee’s actions.
In March 2005, a complaint was filed against or in reference to James Knee by a customer of Raymond James Financial Services, Inc. alleging that Mr. Knee sold three (3) unsuitable variable annuities. The client added that he/she was unhappy with the performance of the annuities and the client claims losses of approximately $50,000 and other damages. Per the customer, he/she lost over $100,000 due to Mr. Knee’s actions.
In July 2002, a complaint was filed against or in reference to James Knee by a customer of Raymond James Financial Services, Inc. with allegations of unsuitable investments and misrepresentation. Per the customer, he/she lost over $10,000 due to Mr. Knee’s actions.
How To File A Claim Against Jim Knee (previously with Voya Financial Advisors, Inc., Ameriprise Financial Services, Inc., and Investors Capital Corp.) To Get Your Money Back.
If you have questions about James Knee, Voya Financial Advisors, Inc., Ameriprise Financial Services, Inc., Investors Capital Corp., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.