The claim requests compensatory damages for our clients, and alleges that Voya failed to supervise Flynn’s conduct while he was working for them relating to the sale of Phillip Edison REIT, Business Development Corp of America (BDC), and other investments.
James T. Flynn Barred By FINRA
The clients represented in this case are not the only people harmed by Flynn. Before FINRA permanently barred him, he was a rogue broker who caused serious damage to many clients.
Flynn’s publicly-available BrokerCheck report lists over 30 disclosures, including multiple customer disputes for false and misleading representations and unsuitable investment recommendations, as well as employment separations.
Overconcentration
A brokerage firm may be held liable for overconcentrating a client’s account or investments in a singular product. However, illiquid investments such as REITS are frequently sold in large dollar increments. High commissions and other incentives can lead a stockbroker to overconcentrate a client in these investments or inflate a customer’s net worth.
Contact Our Firm if You’ve Invested with James T. Flynn or Voya Financial Advisors
If you invested with James Flynn and/or Voya Financial Advisors, you may have a claim to recover your losses. Silver Law Group has filed other claims against Flynn and Voya. Contact our firm today. We take most cases on a contingency fee basis, which means it won’t cost you anything out of pocket to have us work on your case.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. Scott Silver is the chairman of the Securities and Financial Fraud Group of the American Association of Justice and represents investors nationwide in securities investment fraud cases. Silver Law Group represents investors in Greenville, South Carolina in securities arbitration claims. Please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.