Last Updated: March 2025 | Concord, NH
James E. Knee Investigation Summary
Here’s what you need to know about Concord, NH, former stockbroker James E. Knee:
- Name: Mr. James Edward Knee
- Current Status: Not currently registered
- Prior Employers:
- Voya Financial Advisors, Inc. (Concord, NH) (11/2015 – 08/2016)
- Ameriprise Financial Services, Inc. (Concord, NH) (08/2012 – 11/2015)
- Investors Capital Corp. (Concord, NH) (12/2009 – 09/2012)
- Cambridge Investment Research, Inc. (Concord, NH)
- Cantella & Co., Inc. (Concord, NH)
- Raymond James Financial Services, Inc. (St. Petersburg, FL)
- Function: Stockbroker / Financial Advisor
- DBA: Sterling Financial Services
- Aliases: Jim Knee
- Primary Location: Concord, NH
- CRD #: 1852920
- Can James Knee be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? Yes
- Discharged by a Prior Employer: Yes
- Highest Settlement or Award: $82,290
If you’ve sustained damages from Mr. Knee, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Jim Knee As Your Stockbroker?
Jim Knee has been the subject of multiple customer disputes, a regulatory action resulting in a FINRA sanction permanently barring him in May 2018 for refusing to cooperate with an investigation into allegations that he misappropriated client funds while working at Voya Financial Advisors and Ameriprise Financial Services.
- Filing Date: May 9, 2018 (FINRA action)
- Alleged Misconduct: Misappropriation of client funds, failure to cooperate with FINRA investigation
- Total Settlements in Prior Customer Cases: Over $123,000
- Notable Settlements:
- $82,290 (Allegation: Deceptive sale of annuities)
- $23,749 (Allegation: Misrepresentation of financial details on investment documents)
- $17,000 (Allegation: Unauthorized sale of royalty trust investment)
Allegations of Broker Misconduct Against James Knee
Customers and regulators have alleged the following misconduct by James Knee:
- Misappropriation of Client Funds – FINRA permanently barred Knee for refusing to cooperate in an investigation into alleged theft of client funds, a violation of FINRA Rule 8210 (Providing Information and Testimony) and FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade).
- Unsuitable Investment Recommendations – Clients alleged that Knee recommended high-risk variable annuities and royalty trust investments without proper disclosure, violating FINRA Rule 2111 (Suitability Rule).
- Misrepresentation and Document Alteration – Customers claimed that investment documents contained misrepresented financial information or were altered post-signature without authorization.
- Unauthorized Trading – A client alleged Knee executed an unauthorized sale of securities, which led to unexpected tax penalties.
- Employment Termination After Allegations – Knee was discharged from Voya Financial Advisors in August 2016 for failing to cooperate with an internal investigation into the receipt of a cash gift from a customer.
- State of New Hampshire Investigation – An ongoing state investigation into his actions is still pending.
These violations fall under FINRA Rule 2010, FINRA Rule 2111, and FINRA Rule 8210, which govern ethical conduct, suitability of investments, and mandatory cooperation with regulatory investigations.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by James Knee, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.