James Travis Flynn (also known as Jim Flynn) of Greenville, South Carolina is identified in a customer initiated investment related FINRA securities arbitration claim in which the customers seek $1,500,000.00 in damages based upon allegations that Flynn made misrepresentations ccncerning investments made in a business development company and real estate investment trust by Flynn while he was associated with Voya Financial Advisors. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-01038 (May 13, 2022). The claim alleges that Flynn made the unsuitable recommendation of alternative investments.
FINRA Public Disclosure shows that Flynn has been identified in sixty-five more customer initiated investment related disputes containingallegations concerning his conduct while employed by securities broker-dealers, including Voya Financial Advisors. On March 29, 2021, a customer filed an investment related FINRA securities arbitration claim concerning Flynn’s activities where the customer requested $50,000.00 in damages for Flynn’s recommendation of illiquid and risky alternative investments. FINRA Arbitration No. 21-00718.
On May 17, 2022, a customer initiated investment related FINRA securities arbitration claim involving Flynn’s conduct was resolved for $1,226,533.57 in damages based upon accusations of unsuitable recommendations of real estate securities by Flynn while he was registered with Voya Financial Advisors Inc. FINRA Arbitration No. 21-00775.
Flynn is the subject of a different FINRA securities arbitration claim which was resolved for $318,000.00 in damages founded on accusations of alternative investment misrepresentations. FINRA Arbitration No. 21-02135 (March 11, 2022). According to the claim, the customer was told that the investments were low-risk.
Flynn is also referenced in a FINRA securities arbitration claim which was settled for $1,794,691.60 in damages supported by allegations of unsuitable sales of REITs through Flynn at Voya Financial Advisors. FINRA Arbitration No. 21-00776 (May 17, 2022). The claim alleges that the investments were overly risky and illiquid.
Flynn is also the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $322,990.00 in compensatory damages for Flynn’s of sales practice violations. The Statement of Claim alleges negligent supervision, violation of Florida securities law, violation of Michigan securities law, breach of fiduciary duty, and unsuitable investment recommendations. FINRA Arbitration No. 19-00624. The customer sustained damages as the result of the recommendation and purchase of illiquid, risky investmentsl.
On April 18, 2022, another FINRA securities arbitration claim regarding Flynn’s activities was settled for $1,200,000.01 in damages supported by allegations that Flynn recommended unsuitable investments for the customer, including risky and illiquid REITs when Flynn was employed by Voya Financial Advisors. FINRA Arbitration No. 21-00783.
Flynn is also referenced in a customer initiated investment related civil action where the customer sought compensatory damages founded on accusations of misrepresented information relating to the customer’s investments in direct investments, including limited partnership interests and direct participation program interests. Civil Action No. 2021-CP-23-02541. The lawsuit alleges unsuitable REIT transactions given the customer’s goals and age.
Flynn has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Flynn’s failure to comply with a request for information in 2018. Case No. 2017053354701 (September 4, 2018).
