Advisor Alert: Our Attorneys Are Investigating James Travis Flynn (Jim Flynn) For Investment Fraud

Chetan Patil on October 25, 2023

Did You Lose Money Because of Jim Flynn (previously with Voya Financial Advisors)?

Filed: October 25, 2023

Jim Flynn (otherwise known as James Flynn) currently has one (1) pending customer complaint and three (3) judgments/liens. Overall, he has been the subject of two (2) regulatory events, two (2) termination events, three (3) judgment/lien events, and seventy-one (71) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Jim Travis Flynn.

Who Is James Travis Flynn?

Advisor Name: James Travis Flynn
Aliases: Jim Flynn
CRD: 3082615
Location: Greenville, South Carolina
Current Employer: No Longer Allowed to Practice in the Securities Industry
Previous Firms: IFS Securities, Voya Financial Advisors, Inc., and Capital Investment Group, Inc.
Number of Known Customer Complaints: 71
Number of Known Termination Events: 2
Number of Known Regulatory Events: 2
Number of Known Judgment/Lien Events: 3
Can Jim Flynn Be Sued: Yes, in Private Arbitration
Can Jim Flynn’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
Highest Damages Allegation: $11,552,331
Highest Settlement: $5,050,000

If you have suffered investment losses by Jim Flynn, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Jim Flynn For Broker Misconduct

As of this publication date, Jim Flynn has been the subject of 2 regulatory events, 2 termination events, 3 judgment/lien events, and 71 customer disputes. Let’s review them below.

In May 2023, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn over-concentrated the investment portfolio with risky, high-commission, illiquid investments that were unsuitable based on client’s risk tolerance. Per the customer, he/she lost over $63,830 due to Mr. Flynn’s actions.

In July 2022, FINRA initiated a regulatory action against Mr. Flynn for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

In May 2022, a FINRA arbitration was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Flynn sold unsuitable investments and that these investments were represented as conservative and low risk. Per the customer, he/she lost over $1,500,000 due to Mr. Flynn’s actions. On June 1, 2023, Mr. Flynn settled the claim for $645,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In December 2021, a complaint was filed against or in reference to Jim Flynn by a customer of Capital Investment Group, Inc. alleging that Mr. Flynn sold unsuitable investments. Per the customer, he/she lost over $110,000 due to Mr. Flynn’s actions. On June 21, 2022, Mr. Flynn settled the claim for $15,340.91, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In December 2021, a complaint was filed against or in reference to Jim Flynn by a customer of Capital Investment Group, Inc. alleging that Mr. Flynn sold unsuitable investments. Per the customer, he/she lost over $50,000 due to Mr. Flynn’s actions. On June 21, 2022, Mr. Flynn settled the claim for $18,750, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In December 2021, a complaint was filed against or in reference to Jim Flynn by a customer of Capital Investment Group, Inc. alleging that Mr. Flynn sold unsuitable investments. Per the customer, he/she lost over $102,498.23 due to Mr. Flynn’s actions. On June 21, 2022, Mr. Flynn settled the claim for $19,090.91, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In December 2021, a complaint was filed against or in reference to Jim Flynn by a customer of Capital Investment Group, Inc. alleging that Mr. Flynn sold unsuitable investments. Per the customer, he/she lost over $100,000 due to Mr. Flynn’s actions. On June 21, 2022, Mr. Flynn settled the claim for $15,340.91, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In September 2021, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn sold alternate investments that were misrepresented as safe, would pay a regular income, and would go public resulting in substantial profits. Per the customer, he/she lost over $300,000 due to Mr. Flynn’s actions. On March 11, 2022, Mr. Flynn settled the claim for $318,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In June 2021, a FINRA arbitration was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Flynn misrepresented unsuitable investments for clients’ age and financial goals. On August 19, 2022, Mr. Flynn settled the claim for $975,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In March 2021, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn sold and recommended risky, unsuitable, and illiquid alternative investments. Per the customer, he/she lost over $500,000 due to Mr. Flynn’s actions. On May 17, 2022, Mr. Flynn settled the claim for $1,226,533.57, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In March 2021, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn sold and recommended risky, unsuitable, and illiquid alternative investments. Per the customer, he/she lost over $500,000 due to Mr. Flynn’s actions. On May 17, 2022, Mr. Flynn settled the claim for $1,794,691.60, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In March 2021, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn sold and recommended risky, unsuitable, and illiquid alternative investments. Per the customer, he/she lost over $50,000 due to Mr. Flynn’s actions. On July 28, 2021, Mr. Flynn settled the claim for $25,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In March 2021, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended a risky, unsuitable, illiquid alternative investment. Per the customer, he/she lost over $50,000 due to Mr. Flynn’s actions.

In December 2020, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn sold and recommended unsuitable and illiquid investments in 2014. On November 22, 2021, Mr. Flynn settled the claim for $72,500, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In October 2020, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended and implemented a high commission paying, illiquid, and generally unsuitable investment strategy without consideration of personal objectives. On October 29, 2021, Mr. Flynn settled the claim for $9,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In October 2020, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended and implemented a high commission paying, illiquid, and generally unsuitable investment strategy without consideration of personal objectives. There was no exact alleged damages amount. On October 29, 2021, Mr. Flynn settled the claim for $5,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In July 2020, a FINRA arbitration was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Flynn placed hundreds of thousands of dollars of the clients assets in multiple illiquid, risky, and speculative private placements. Per the customers, they lost over $50,000 due to Mr. Flynn’s actions. On February 4, 2021, Mr. Flynn settled the claim for $152,500, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In July 2020, a FINRA arbitration was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended risky, unsuitable, and illiquid alternative investments. Per the customers, they lost over $5,000,000 due to Mr. Flynn’s actions. On September 29, 2021, Mr. Flynn settled the claim for $5,050,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In July 2020, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended risky, unsuitable, and illiquid alternative investments. Per the customer, he/she lost over $5,000,000 due to Mr. Flynn’s actions. On August 4, 2021, Mr. Flynn settled the claim for $3,500,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In June 2020, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn wrote false financial information found on the client’s account documents in August 2015. Per the customer, he/she lost over $275,000 due to Mr. Flynn’s actions. On January 29, 2021, Mr. Flynn settled the claim for $150,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In May 2020, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended unsuitable, illiquid, and speculative financial products. On February 10, 2021, Mr. Flynn settled the claim for $2,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In April 2020, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended unsuitable, and speculative investments that were not consistent with the client’s investment objectives and risk tolerance. On March 3, 2021, Mr. Flynn settled the claim for $78,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In April 2020, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn fabricated financial information and that the investment was unsuitable when the product was recommended in October of 2015. Per the customer, he/she lost over $31,131.20 due to Mr. Flynn’s actions. On November 17, 2020, Mr. Flynn settled the claim for $55,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In April 2020, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn fabricated financial information and that the investment was unsuitable when the product was recommended in October of 2015. Per the customer, he/she lost over $100,000 due to Mr. Flynn’s actions. On November 17, 2020, Mr. Flynn settled the claim for $55,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In April 2020, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn sold or recommended or sold illiquid real estate investments that were unsuitable for the customer’s financial condition. Per the customer, he/she lost over $8,000 due to Mr. Flynn’s actions. On February 4, 2021, Mr. Flynn settled the claim for $23,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In January 2020, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. and IFS Securities alleging that Mr. Flynn recommended unsuitable investments. In addition, the client/s also alleged that Mr. Flynn misrepresented and omitted material information. Per the customer, he/she lost over $350,000 due to Mr. Flynn’s actions. On November 6, 2020, Mr. Flynn settled the claim for $35,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In January 2020, a FINRA arbitration was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc. and IFS Securities alleging that Mr. Flynn sold a portfolio of high commission, illiquid, and speculative financial products to clients. Per the customers, they lost over $1,000,000 due to Mr. Flynn’s actions. On June 17, 2020, Mr. Flynn settled the claim for $420,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In January 2020, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn submitted paperwork that reflected more assets than the customer had resulting in investments that the client was not qualified for. Per the customer, he/she lost over $210,750 due to Mr. Flynn’s actions. On October 14, 2020, Mr. Flynn settled the claim for $90,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In January 2020, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended high commission, illiquid, and unsuitable investments. Per the customer, he/she lost over $500,000 due to Mr. Flynn’s actions. On June 17, 2020, Mr. Flynn settled the claim for $80,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In January 2020, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn misrepresented, misled investment guarantees, and exaggerated financial information and overall unsuitable investment. On October 26, 2020, Mr. Flynn settled the claim for $95,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In December 2019, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn overstated the client’s net worth on account documents which caused too much investment in REIT products.

In November 2019, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn misrepresented, misled investment guarantees, and exaggerated financial information and overall unsuitable investment. On October 26, 2020, Mr. Flynn settled the claim for $47,500, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In November 2019, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended various alternative, illiquid, and unsuitable securities. Per the customer, he/she lost over $100,000 due to Mr. Flynn’s actions. On October 14, 2020, Mr. Flynn settled the claim for $80,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In November 2019, a FINRA arbitration was filed against or in reference to Jim Flynn by multiple customers of Capital Investment Group, Inc. and Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended illiquid and unsuitable securities. Per the customers, they lost over $100,000.01 due to Mr. Flynn’s actions. On June 30, 2020, Mr. Flynn settled the claim for $300,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In November 2019, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended various alternative, illiquid, and unsuitable securities. Per the customers, they lost over $100,000 due to Mr. Flynn’s actions. On October 5, 2020, Mr. Flynn settled the claim for $575,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In September 2019, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended various alternative, illiquid, and unsuitable investments. Per the customers, they lost over $100,000 due to Mr. Flynn’s actions. On February 22, 2021, Mr. Flynn settled the claim for $155,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In August 2019, a complaint was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Flynn sold unsuitable investments to these unsophisticated investors. The clients added that the risks were not aligned with their objectives, material risks were not disclosed, and the investments were over-concentrated. On October 9, 2019, Mr. Flynn settled the claim for $245,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In August 2019, a complaint was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Flynn sold unsuitable investments to these unsophisticated investors. The clients added that the risks were not aligned with their objectives, material risks were not disclosed, and the investments were over-concentrated. On October 14, 2019, Mr. Flynn settled the claim for $100,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In August 2019, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn sold a portfolio of unsuitable high-commission, illiquid, and speculative financial products. Per the customer, he/she lost over $100,000 due to Mr. Flynn’s actions. On October 9, 2019, Mr. Flynn settled the claim for $65,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In August 2019, a FINRA arbitration was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc., Capital Investment Group, Inc., and IFS Securities alleging that Mr. Flynn recommended unsuitable and illiquid securities. Per the customers, they lost over $1,000,000 due to Mr. Flynn’s actions. On August 21, 2020, Mr. Flynn settled the claim for $750,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In May 2019, a FINRA arbitration was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc., Capital Investment Group, Inc., and IFS Securities alleging that Mr. Flynn recommended various alternative, illiquid, and unsuitable securities. Per the customers, they lost over $1,000,000 due to Mr. Flynn’s actions

In April 2019, a FINRA arbitration was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc. and IFS Securities alleging that Mr. Flynn recommended and misrepresented suitability of alternative/illiquid securities. Per the customers, they lost over $100,000 due to Mr. Flynn’s actions. On December 19, 2019, Mr. Flynn settled the claim for $107,500, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In April 2019, a FINRA arbitration was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc., Capital Investment Group, Inc., and IFS Securities alleging that Mr. Flynn recommended unsuitable and illiquid securities. Per the customers, they lost over $1,000,000 due to Mr. Flynn’s actions. On February 21, 2020, Mr. Flynn settled the claim for $92,500, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In April 2019, a FINRA arbitration was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc. and IFS Securities alleging that Mr. Flynn misrepresented facts, exaggerated financial information, and failed to sign documents in the state on the application signed in August of 2016. Per the customers, they lost over $400,000 due to Mr. Flynn’s actions. On March 9, 2020, Mr. Flynn settled the claim for $201,750, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In March 2019, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. and IFS Securities alleging that Mr. Flynn was negligent and made recommended unsuitable investments. The client also added breach of fiduciary duty, violations of the Michigan Uniform Securities Act (2002), violations of the Florida Securities and Investor Protection Act, and negligent supervision to his/her claim. Per the customer, he/she lost over $11,552,331 due to Mr. Flynn’s actions. On April 4, 2022, Mr. Flynn settled the claim for $322,990.

In March 2019, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended investments that are unsuitable for the client due to age of purchase. The client also adds that he/she was not informed that the investment was not liquid and could not be actively traded. On February 4, 2021, Mr. Flynn settled the claim for $62,500, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In March 2019, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn told the client that he would have access to his money if needed and was never made aware of the surrender charges and risks that came with the product recommended in February of 2016. On August 2, 2019, Mr. Flynn settled the claim for $33,600, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In February 2019, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn sold a portfolio of high-commission, illiquid, and speculative investments without regard for client’s investment objective and risk tolerance. On October 9, 2019, Mr. Flynn settled the claim for $90,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In December 2018, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. with allegations of misrepresentation and unsuitable investments. Per the customers, they lost over $100,000 due to Mr. Flynn’s actions. On October 16, 2019, Mr. Flynn settled the claim for $145,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In December 2018, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn concentrated the client’s assets, did not discuss surrender charges and benefit riders, and lack of diversification.

In November 2018, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. for unsuitable investments.

In October 2018, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn misrepresented and made unsuitable recommendations beginning in August 2013. Per the customers, they lost over $160,136.93 due to Mr. Flynn’s actions.

In October 2018, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn misrepresented and made unsuitable recommendations beginning in August 2013. Per the customer, he/she lost over $330,206 due to Mr. Flynn’s actions.

In October 2018, a FINRA arbitration was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Flynn misled claimants by making false and misleading representations. The clients also added that Mr. Flynn recommended unsuitable investment. Per the customers, they lost over $50,000 due to Mr. Flynn’s actions. On July 23, 2019, Mr. Flynn settled the claim for $90,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In September 2018, a FINRA arbitration was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Flynn improperly sold alternative investments. The clients also added allegations of common law fraud and negligent misrepresentation. Per the customers, they lost over $100,000 due to Mr. Flynn’s actions. On July 15, 2019, Mr. Flynn settled the claim for $125,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In August 2018, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended unsuitable alternative investments in January 2014. On December 3, 2018, Mr. Flynn settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In August 2018, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn transferred assets from a 401k account into illiquid and unsuitable investments without proper diversification in August of 2015. The client further alleges violation of securities statutes, non-suitable investments, and breach of fiduciary duty. Per the customer, he/she lost over $100,000 due to Mr. Flynn’s actions. On November 1, 2018, Mr. Flynn settled the claim for $90,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In July 2018, a complaint was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended illiquid products beginning in April 2014 wherein the clients invested most of their liquid net worth. On August 27, 2018, Mr. Flynn settled the claim for $33,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In June 2018, FINRA initiated a regulatory action against Mr. Flynn for failing to respond to FINRA request for information.

In June 2018, a complaint was filed against or in reference to Jim Flynn by a customer of IFS Securities alleging that Mr. Flynn misrepresented risks of variable annuity and sold the contract without explaining the product. Per the customer, he/she lost over $5,000 due to Mr. Flynn’s actions.

In May 2018, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended an unsuitable investment product purchased by the client in June 2014 in his IRA. The client also adds that the joint account was not suitable for his goals and objectives. On June 19, 2018, Mr. Flynn settled the claim for $75,000, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In April 2018, a complaint was filed against or in reference to Jim Flynn by a customer of Capital Investment Group, Inc. alleging that Mr. Flynn recommended/sold an unsuitable and misrepresented alternative investment purchased in 2012. Per the customer, he/she lost over $110,000 due to Mr. Flynn’s actions.

In April 2018, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended/sold an unsuitable REIT investment in August 2015. The client added that Mr. Flynn also did not provide proper low cost, diversified, liquid assets for retirement. Per the customer, he/she lost over $26,500 due to Mr. Flynn’s actions.

In April 2018, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn did not properly inform the client about variable annuity and associated fees and penalties when purchased in December 2016. Per the customer, she lost over $36,126.89 due to Mr. Flynn’s actions.

In February 2018, IFS Securities Inc. terminated Mr. Flynn for allegedly trading ahead of authorization.

In December 2017, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn recommended or sold REIT that’s unsuitable for the client. The client also adds that he was not aware that it wasn’t actively traded and of the risks involved. On February 1, 2018, Mr. Flynn settled the claim for $32,912.73, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In May 2017, a complaint was filed against or in reference to Jim Flynn by multiple customers of Voya Financial Advisors, Inc. Clients questioned the suitability of REIT investments purchased in 2014 and 2015 and the replacement of a variable annuity policy. Per the customers, they lost over $115,000 due to Mr. Flynn’s actions. On September 25, 2017, Mr. Flynn settled the claim for $167,673.17, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In March 2017, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn engaged in unauthorized trading activity in 2017. On March 13, 2017, Mr. Flynn settled the claim.

In February 2017, Voya Financial Advisors Inc. terminated Mr. Flynn for providing misleading information to the Firm during a complaint investigation.

In January 2017, a FINRA arbitration was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that the REIT product was unsuitable for him given his net worth and investment experience. The client added that he was unaware that he would not receive back the full value of the REIT if he liquidated it early during the tender period. Per the customer, he lost over $21,336 due to Mr. Flynn’s actions. On April 15, 2017, Mr. Flynn settled the claim for $12,500, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In December 2016, a complaint was filed against or in reference to Jim Flynn by a customer of Voya Financial Advisors, Inc. alleging that Mr. Flynn allowed the client to invest all retirement funds into Prudential annuities in 2010. The client adds that REIT type investments should not have been recommended/purchased in 2015 with proceeds of surrender annuity due to age. On August 7, 2017, Mr. Flynn settled the claim for $196,788.18, and some or all of this amount may have been paid by Mr. Flynn’s employer and/or insurance carrier.

In June 2015, a complaint was filed against or in reference to Jim Flynn by a customer of Capital Investment Group, Inc. alleging that Mr. Flynn made unsuitable recommendations of variable annuity products. The client added that the account value is decreasing. Per the customer, he/she lost over $24,000 due to Mr. Flynn’s actions.

In August 2011, Mr. Flynn was the subject of a civil judgment or lien in the amount of $6,202.42. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In April 2005, Mr. Flynn was the subject of a civil judgment or lien in the amount of $256,165. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In April 2005, Mr. Flynn was the subject of a civil judgment or lien in the amount of $18,837. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

How To File A Claim Against Jim Flynn (previously with IFS Securities, Voya Financial Advisors, Inc., and Capital Investment Group, Inc.) To Get Your Money Back.

If you have questions about Jim Flynn, IFS Securities, Voya Financial Advisors, Inc., Capital Investment Group, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.

Category: Voya Financial Services