James Travis Flynn (Jim Flynn) – Greenville, SC – Barred from Securities Industry
The White Law Group is continuing its investigation involving financial advisor James Travis Flynn (Jim Flynn) in Greenville, South Carolina and the liability his former employers may have for failure to supervise him.
According to Investment News yesterday, citing The Post and Courier of Greenville, Flynn is “believed to be living outside the country,” and now has a whopping 57 investor complaints filed against him since 2013, of which 25 have been settled for a total of more than $3.5 million. There reportedly 21 other customer lawsuits pending and in the midst of FINRA arbitration, according to Flynn’s broker profile.
According to his FINRA BrokerCheck report, Flynn was registered with Voya Financial Advisors in Greenville, SC from May 2013 until he was fired in February 2017 for providing “misleading information to the Firm during a complaint investigation.”
The Financial Industry Regulatory Authority (FINRA) reportedly barred Flynn in June 2018 from associating with any FINRA member at any time after he failed to request termination of his suspension within three months of the date of the Notice of Suspension.
According to Investment News, “it’s not clear what impact a broker’s leaving the country could have on the outcome of any investor lawsuits that are ongoing, but it draws attention to the matter and is certainly unusual.”
Failure to Supervise
The White Law Group is investigating potential lawsuits involving Jim Flynn and the liability his employers may have for failure to properly supervise his alleged activities.
Brokerage firms are required to adequately supervise their advisors. They must ensure they are complying with FINRA rules.
When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
The brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.
Did you suffer losses investing with Jim Flynn? If so, the attorneys at The White Law Group may be able to help you to recover your losses. For a free consultation with an attorney specializing in investment fraud, please call (888) 637-5510.
The foregoing information, which is all publicly available, is being provided by The White Law Group.
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 Franklin, Tennessee. For more information, please visit our website, www.whitesecuritieslaw.com.