Dodging FINRA Investigation Gets Former Broker James Knee Barred
Former Voya Financial Advisors, Inc. broker James Knee was barred from the securities industry on May 9, 2018 after refusing to appear for on the record testimony connected to a FINRA investigation into allegations that he misappropriated client funds.
Former broker and advisor James Knee began working in the securities industry in 1988. From 2012 until 2015, he was registered with Ameriprise Financial Services, Inc. in Concord, New Hampshire. He worked for Voya from 2015 to 2016, when he was terminated after he allegedly failed to cooperate in an internal investigation that accused him of accepting a cash gift from a customer. In May 2018, Knee was barred by FINRA after he consented to a sanction over his refusal to appear for an on the record testimony in relation to a separate investigation over allegations of misappropriation.
During his career, Knee has been the subject of six customer complaints, three of which have been settled. The disputes stem from customer complaints alleging misappropriation, making deceptive purchases of annuity products, making unsuitable recommendations, and misrepresentation.
On April 27, 2018, a Grand Jury returned 11 indictments against Knee, charging him with financial exploitation of the elderly, theft by deception, and theft by misapplication.
Did You Suffer Financial Losses While Working with James Knee?
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