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Investor Claims Christopher Knutson Committed Fraud and Other FINRA Violations

May 27, 2022 Misrepresentation

Christopher Knutson (CRD #: 2997006), a broker registered with Aegis Capital, is involved in a pending dispute, according to his BrokerCheck record, accessed on May 22, 2022. Read on to learn more about Christopher Knutson’s conduct as a broker.

Investor Disputes

On February 24, 2022, an investor alleged that Christopher Knutson engaged in negligence; committed fraud and common law fraud; made an unsuitable investment recommendation; and misrepresented and omitted material facts. This dispute is currently pending.

In a dispute filed on April 13, 2016, an investor alleged Christopher Knutson misrepresented an investment in a private placement between November 2014 and April 2016. The client sought $175,000 in damages and received a $110,000 settlement.

FINRA Rule 2020 and 2010

FINRA Rule 2020 bans the use of manipulative, deceptive, and otherwise unethical means of influencing investors’ decisions. The misrepresentation or omission of information related to investments violates this rule.

Violations of many FINRA Rules qualify as automatic violations of FINRA Rule 2010, which requires brokers to maintain high standards of commercial honor.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investment will be held)
  • Investing experience
  • Tax status

Investors who rely on brokers for recommendations may be able to recover their losses through FINRA arbitration.

Background Information

Christopher Knutson has passed the following exams:

  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination

Christopher Knutson is a registered broker in 49 states, the District of Columbia, Puerto Rico, and the Virgin Islands.

He has also worked for the following firms:

  • Global Arena Capital (CRD#:16871)
  • Prestige Financial Center (CRD#:30407)
  • S.W. Bach & Company (CRD#:43522)
  • Harrison Securities (CRD#:14103)
  • Securities & Investment Planning Company (CRD#:36538)
  • Gilford Securities (CRD#:8076)
  • First Empire Securities (CRD#:15129)
  • Burlington Capital Markets (CRD#:26991)
  • Ladenburg, Thalmann & Company (CRD#:505)
  • Dean Witter Reynolds (CRD#:7556)
  • Ladenburg, Thalmann & Company (CRD#:505)
  • Gaines, Berland (CRD#:14623)
  • Continental Broker-Dealer Corporation (CRD#:14048)

Kurta Law Can Help

If you worked with Christopher Knutson 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 and 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.