James T. Flynn, Formerly of Voya Financial, Has Received Over 45 Customer Complaints Since 2018

Disambiguation Notice: This post contains information related to James Travis Flynn (Jim Flynn – CRD#: 3082615) of Greenville South Carolina. He is not to be confused with James C. Flynn of Asheville. They are NOT the same person.

Former Voya Financial Advisor based in Greenville, South Carolina James T. Flynn, who was barred by FINRA in 2018, had over one million dollars in pending complaints in 2019 alone

The Sonn Law Group is investigating allegations that James Flynn made unsuitable recommendations. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Former Voya Financial Broker, James Travis Flynn (Jim Flynn) (CRD#: 3082615) was barred by FINRA in 2018 for failing to provide requested information. Flynn was employed by IFS Securities from 2017 to 2018, where he became the subject of dozens of customer complaints related to his placement of their funds in variable annuities and non-traded real estate investments (REITs).

Non traded REITs pose many risks to inexperienced investors, specifically their high up-front commissions. (Typically between 7–10%) Additionally, non-traded REITs generally charge investors for certain due diligence and administrative fees. Non-traded REITs do not trade on a public securities exchange. For this reason, non-traded REITs can be “illiquid,” meaning investors may be unable to sell their investments on demand. Many inexperienced investors realize too late that they will be unable to exit their investment position.

Flynn has a multitude of customer disputes listed on his BrokerCheck report, many of which involve unsuitable recommendations.

Flynn has 47 customer disputes on his BrokerCheck record, most of which are claims filed within the last two years for unsuitability and misrepresentation related real estate securities (REIT) investments.

Photo of South Carolina Broker James T. Flynn

2020 Complaints Against James T. Flynn

• January 15 – Claimants allege unsuitable investment recommendations, misrepresentations and omitting material information. They are seeking $350,000 in damages. The matter is still pending.
• January 7 – Claimants allege unsuitable investment recommendations. They are seeking $500,000. The matter is still pending.
• January 7 – Claimants allege unsuitable investment recommendations due to high commissions, illiquidity, and speculative products. They are seeking $1M. The matter is still pending.
• January 6 – Claimants allege that recommendations were made in investments that they were not qualified for. They are seeking $210,750. The matter is still pending. 

2019 Complaints Against James T. Flynn

• December 30 – Claimants alleged that too much was invested in REIT products due to his net worth being over-stated on account documents. The matter is still pending.
• December 27 –  Claimants alleged that illiquid real estate investments were unsuitable for their financial status. They are seeking $8,000 in damages. The matter is still pending. 
• November 29 – Claimants alleged misrepresentation, misleading investment guarantees, exaggeration of financial information and overall unsuitable investments. The matter is still pending.
• November 20 – Claimants alleged misrepresentation, misleading investment guarantees, exaggeration of financial information and overall unsuitable investments. The matter is still pending.
• November 18 – Claimants alleged various alternative, illiquid, and unsuitable securities were recommended by Flynn. They are seeking $100,000 in damages. The matter is still pending. 
• November 15 – Claimants alleged that recommendations were for unsuitable and illiquid securities. They are seeking $100,000 in damages. The matter is still pending. 
• October 14 – Claimants alleged that various alternative, illiquid, and unsuitable securities were recommended by Flynn. They are seeking $100,000 in damages. The matter is still pending.
• September 10 –  Claimants alleged that various alternative, illiquid, and unsuitable securities were recommended by Flynn. They are seeking $100,000 in damages. The matter is still pending.
• August 26 — Claimants allege unsuitable investments were sold to them, the risks were not aligned with their objectives, material risks were not disclosed and the investments were over concentrated. The matter was settled for $100,000.
• August 26 — Claimants allege unsuitable investments were sold to them, the risks were not aligned with their objectives, material risks were not disclosed and the investments were over concentrated. The matter was settled for $245,000.
• May 21 –  Claimants alleged they were sold a portfolio of unsuitable high-commission, illiquid and speculative financial products. Products included direct investment DPP & LP interests and REITs. The matter was settled for $65,000.
• May 2 – Claimants alleged that Flynn misrepresented facts, exaggerated their financial information, and that documents were not signed by them. They are requesting $400,000 in damages. The matter is still pending.
• May 2 – Claimants alleged various alternative, illiquid, and unsuitable securities were recommended by Flynn. They are seeking $1M in damages. The matter is still pending.
• April 26 – Claimants alleged unsuitable recommendations in illiquid securities. The matter was settled for $92,500.
• April 26 – Claimants alleged unsuitable recommendations in illiquid securities. The matter was settled for $107,500.
• April 26  – Claimants alleged Flynn made unsuitable recommendations of various alternative, illiquid and unsuitable securities. They are seeking $1M in damages. The matter is still pending.
• March 27 – Claimants alleged that Flynn told him he would have access to his money whenever he needed to and made misrepresentations to the claimants. Allegations also included exaggeration of financial information and overall unsuitability of initial investment. They are seeking $33,600. The matter is still pending.
• March 18 –  Claim allegations state Flynn advised claimants to liquidate the entire portfolio and invest in “unsuitable, high-risk, high-fee, and illiquid investments. The matter is still pending.
• March 5 – Claimants alleged unsuitable investment recommendations and misrepresentations. The matter is still pending.
• February 27 –  Claim allegations state Flynn sold the clients a portfolio of high-commission, illiquid and speculative investments without regard to their investment objectives or risk tolerance. The matter was settled for $90,000.

2018 Complaints Against James T. Flynn

Flynn faced 16 customer disputes in 2018. Of the 16, six were denied, one was withdrawn, and two were closed with no action taken.

2017 Complaints Against James T. Flynn

Flynn was the subject of four customer disputes in 2017, all of which were settled. 

The Sonn Law Group is currently investigating allegations that James Flynn recommended unsuitable investments. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 844-689-5754 or complete our contact form.