James Travis Flynn of Greenville Securities a stockbroker formerly employed by Voya Financial Advisors Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Flynn failed to comply with FINRA’s requests for information regarding his sales practices. Case No. 201705354701 (Sept. 4, 2018).
According to FINRA Public Disclosure, Flynn was initially suspended in all capacities by FINRA on June 25, 2018. FINRA reportedly warned Flynn that his continued failure to comply with FINRA’s requests could result in sanctions including a bar from the securities industry. Flynn ultimately failed to furnish the information that FINRA requested, or otherwise seek the termination of his suspension on other grounds, by the September 3, 2018 deadline. Consequently, FINRA barred him on September 4, 2018.
Prior to FINRA’s regulatory action, on February 10, 2017, Flynn was discharged by Voya Financial Advisors Inc. based upon allegations that he provided false or misleading information to the firm when it had investigated a complaint concerning Flynn’s activities. Flynn subsequently became associated with IFS Securities on February 16, 2017 but was discharged by the firm on February 20, 2018 supported by accusations against Flynn of unauthorized trading.
FINRA Public Disclosure reveals that Flynn has been identified in eighteen customer initiated investment related disputes containing allegations of his misconduct during the time that he was associated with Voya Financial Advisors Inc., IFS Securities and Capital Investment Group Inc. Specifically, a customer initiated investment related arbitration claim concerning Flynn’s activities was resolved for $52,500.00 in damages founded on accusations that Flynn executed trades in a customer’s account that were neither authorized nor suitable. FINRA Arbitration No. 15-01369 (June 11, 2015). On August 7, 2017, another customer initiated investment related complaint regarding Flynn’s conduct was settled for $196,788.18 in damages based upon allegations of unsuitable investment recommendations having been made to the customer in regards to real estate securities and Prudential annuity products.
On September 25, 2017, a customer initiated investment related complaint involving Flynn’s activities was resolved for $167,673.17 in damages supported by accusations that the customer was placed in unsuitable real estate investment trust and variable annuity products. Thereafter, on February 1, 2018, a customer initiated investment related complaint concerning Flynn’s conduct was settled for $32,912.73 in damages founded on allegations that the customer was not provided information regarding the risks and liquidity of a real estate investment trust held in the customer’s account.
On June 19, 2018, another customer initiated investment related complaint regarding Flynn’s activities was resolved for $75,000.00 in damages based upon accusations that the customer was inappropriately advised to purchase alternative investment products in the customer’s individual retirement account because the investments failed to align with the customer’s objectives for investing.
Another customer filed an investment related arbitration claim regarding Flynn’s conduct in which the customer requested $500,000.00 in damages supported by allegations of misrepresentation and fraud in regard to the customer’s alternative investment holdings. FINRA Arbitration No. 18-02909 (Aug. 16, 2018). Furthermore, a customer filed an investment related arbitration claim involving Flynn’s activities where the customer sought $500,000.00 in damages founded on accusations that Flynn breached his fiduciary duties to the customer, effected transactions in the customer’s account that were in no way suitable for the customer, and executed transactions in violation of securities statues. FINRA Arbitration No. 18-02900 (Aug. 24, 2018).
On October 4, 2018, another customer filed an investment related complaint involving Flynn’s conduct in which the customer requested $160,136.93 in damages based upon allegations of suitability and misrepresentation pertaining to the customer’s real estate security holdings. Moreover, a customer filed an investment related arbitration claim concerning Flynn’s activities where the customer sought $100,000.00 in damages supported by accusations that Flynn made misleading and false representations to the customer, and gave the customer bad investment recommendations. FINRA Arbitration No. 18-03490 (Oct. 5, 2018).
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
