Voya Financial Advisor James Travis Flynn (Jim Flynn) of Greenville, South Carolina, and his former employers are currently under investigation by Haselkorn & Thibaut. It is being reported that Voya Financial may have also failed in effectively supervising Mr. James.
The Post and Courier of Greenville and Investment News yesterday reported that Mr. Flynn has an astounding 57 investor complaints filed against him since 2013 and is currently believed to be living outside the country. Nearly half of the 57 complaints have been settled for more than 3.5$ million. The other 21 lawsuits are currently pending against him, along with an ongoing FINRA arbitration.
According to Mr. Flynn FINRA BrokerCheck report, he is registered with Voya Financial Advisors in Greenville since May 2013. He was fired from the mentioned firm in February 2017 for providing incorrect and misleading information to Voya Financial Advisors during a complaint investigation.
In June 2018, Mr. Flynn was barred by FINRA from associating with any other FINRA member after failing to request termination of his suspension within three months of the Notice of Suspension.
The Investment News reported that it was unclear what the exact impact of leaving the country would have on the outcome of lawsuits against Mr. Flynn; however, it has increased the spotlight on the matter and is quite unorthodox.
Additional Investigations of Voya Financial Because of Jim Flynn
Consequently, Haselkorn & Thibaut is investigating both Mr. Flynn and Voya Financial’s liability as they may have failed to supervise or report his alleged activities adequately. Brokerage firms are obligated to properly supervise their advisors and ensure their activities comply with the FINRA rules.
Brokerage firms can be directly liable for investment losses if a broker violates any security laws or abuses client accounts to conduct unauthorized transactions. Negligent supervision can be charged against the brokerage firm for the misconduct of its employees.
If there is sufficient evidence pointing towards the failure to supervise their agents, a brokerage firm can be held liable for any losses in a FINRA arbitration claim.
If you or anyone you know has suffered losses in their investment due to the negligence of Jim Flynn, contact our security attorneys at Haselkorn & Thibaut to seek further help. Please call 1-800-856-3352 to schedule a free consultation session with our attorney.
All information related to the current case is publically available and is provided by Haselkorn & Thibaut.
Haselkorn & Thibaut, P.A. is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Florida, Texas, New York, North Carolina and Arizona.
