James T. Flynn (Jim Flynn) – Voya Financial Advisors – Securities Fraud Investigation
According to the Financial Industry Regulatory Authority (FINRA), the regulator has suspended financial advisor Jim Flynn as of June 25, 2018, from associating with any FINRA member firm in any capacity.
If Flynn fails to request termination of the suspension within three months of the date of the Notice of Suspension, according to FINRA, he will automatically be barred on September 4, 2018, from association with any FINRA member in any capacity.
Flynn’s broker check report states that he has 11 customer complaints since 2015, with one still pending. Allegations include unsuitable investment recommendations and unauthorized trades among others. He was registered with Voya Financial Advisors in Greenville, SC from May 2013 until February 2017 when he was fired for allegedly providing “misleading information to the Firm during a complaint investigation.”
More recently, Flynn was registered with IFS Securities until February 2018 when he was reportedly dismissed because a client alleged “trading ahead of authorization.”
Failure to Supervise
The White Law Group is investigating the liability that James Flynns’ former employers may have for his alleged actions.
Brokerage firms are required to properly supervise their advisors. They must ensure that those advisors are complying with applicable FINRA rules and regulations. If it can be demonstrated that the firm failed to properly supervise Flynn, the firm may be held responsible for investment losses in a FINRA arbitration claim.
If you have invested with Jim Flynn and are concerned about your investments, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call our offices at 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, please visit our website at https://www.whitesecuritieslaw.com.