James Travis Flynn (also known as Jim Flynn) of Greenville South Carolina a stockbroker formerly associated with Voya Financial Advisors Inc. and IFS Securities is the subject of a customer initiated investment related arbitration claim in which the customer requested $350,000.00 in damages based upon allegations that misrepresentations and omissions had been made to the customer concerning real estate securities and that the customer received poor investment advice from Flynn during the time that he was associated with Voya Financial Advisors and IFS Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-00039 (Jan. 15, 2020).
FINRA Public Disclosure reveals that Flynn has been referenced in forty-six more customer initiated investment related disputes concerning accusations of his improprieties when the stockbroker was associated with securities broker dealers including Voya Financial Advisors. On October 9, 2019, a customer initiated investment related complaint in reference to Flynn’s conduct was resolved for $245,000.00 in damages based upon accusations that the Voya Financial Advisors customer’s assets were invested in aggressive investments including real estate securities and direct investments which failed to be suitable given the customer’s objectives. The complaint also alleges that the customer was not made aware of investment risks and that the customer’s account had been excessively concentrated in risky investments.
The stockbroker is referenced in another customer initiated investment related complaint on November 20, 2019 in which the customer requested unspecified damages supported by allegations that transactions which were executed in the customer’s account by Flynn failed to be suitable. According to the complaint, financial information relating to real estate securities transactions had been exaggerated. The customer had allegedly been provided with misleading investment guarantees by Flynn when the stockbroker was registered with Voya Financial Advisors.
Flynn is also referenced in a customer initiated investment related complaint on January 6, 2020 in which the customer requested $210,750.00 in damages based upon allegations that the Voya Financial Advisors customer’s information had been misrepresented on account documentation which resulted in the customer being placed in real estate security products for which the customer had not been qualified.
On January 7, 2020, another customer filed an investment related arbitration claim concerning Flynn’s activities where the customer sought between $500,000.00 and $1,000,000.00 in damages founded on accusations that the customer’s assets were placed in expensive and inappropriate investments because of the stockbroker’s actions at Voya Financial Advisors. FINRA Arbitration No. 19-03794. According to the claim, the customer had been advised to invest in variable annuity products and real estate securities which failed to provide the liquidity that the customer needed.
Flynn is also referenced in a customer initiated investment related arbitration claim in which the customer requested between $1,000,000.00 and $5,000,000.00 in damages supported by allegations that the Voya Financial Advisors customers were sold speculative and illiquid investments which were inappropriate for them. FINRA Arbitration No. 19-03733 (Jan. 7, 2020). The claim alleges that excessive commissions had been charged to the customers for the financial products sold by Flynn.
On September 4, 2018, Flynn was barred from associating with any FINRA member in any capacity based upon allegations that he neglected to provide information to FINRA personnel after it was requested of him. Case No. 2017053354701.
Flynn was discharged by Voya Financial Advisors on February 10, 2017 based upon allegations of his failure to be forthcoming in the securities broker dealer’s investigation into a complaint. He was discharged by IFS Securities on February 20, 2018 based upon allegations of his unauthorized trading in customer accounts.
