James Travis Flynn of Greenville South Carolina a stockbroker formerly registered with Voya Financial Advisors Inc. is the subject of a customer initiated investment related complaint on August 26, 2019 in which the customers requested damages estimated to exceed $5,000.00 supported by allegations that (1) real estate security and direct investments failed to comport with customers’ investment objectives or tolerance for risk (2) risks of alternative investments failed to be disclosed by Flynn and (3) the customers’ accounts had been over-concentrated in alternative investments.
On March 10, 2020, Financial Advisor magazine reports that Flynn is now subject to “Dozens More Complaints.”
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Flynn is referenced in thirty-two additional customer initiated investment related disputes containing accusations of his violative conduct while employed by securities broker dealers including Capital Investment Group Inc., IFS Securities and Voya Financial Advisors Inc. Specifically, Flynn is referenced in a customer initiated investment related arbitration claim which was settled for $90,000.00 in damages founded on allegations that fiduciary duties were violated; real estate security trades effected in the customer’s account were inappropriate for the customer; and Flynn’s trading was violative of securities laws. FINRA Arbitration No. 18-02900 (Nov. 1, 2018).
Another customer initiated investment related arbitration claim concerning Flynn’s conduct was resolved for $90,000.00 in damages based upon accusations that investment recommendations made to the customer were not suitable; and misrepresentations had been made about investments. FINRA Arbitration No. 18-03490 (July 23, 2019). Flynn is also the subject of a customer initiated investment related arbitration claim where the customer requested between $1,000,000.00 and $5,000,000.00 in damages supported by allegations that illiquid real estate security products as well as direct participation program products had been sold to the customer when Flynn was associated with IFS Securities, Capital Investment Group and Voya Financial Advisors. FINRA Arbitration No. 19-00931 (Apr. 26, 2019).
Also, a customer filed an investment related arbitration claim regarding Flynn’s activities in which the customers sought between $100,000.00 and $500,000.00 in damages founded on accusations that the customers had been sold speculative and aggressive alternative investments; and excessive commissions were charged for securities trades effected in their accounts. FINRA Arbitration No. 19-01337 (May 13, 2019).
FINRA Public Disclosure additionally reveals that Flynn has been barred from associating with any FINRA member in any capacity based upon allegations that Flynn failed to provide information to FINRA possibly concerning accusations made against him by securities broker dealers who discharged him and customers who invested through him that sustained unwarranted losses. Case No. 2017053354701 (Sept. 4, 2018). Specifically, Flynn was discharged by Voya Financial Advisors on February 10, 2017 supported by accusations of Flynn having misled the securities broker dealer when he was investigated for customer complaints. He was subsequently discharged from IFS Securities Inc. on February 20, 2018 founded on allegations of him engaging in unauthorized trading.
