FINRA Suspends IFS Broker James Flynn

James Travis Flynn (CRD #3082615) is a former registered broker and investment advisor who has been suspended by FINRA after he failed to respond to a request for information. Flynn’s suspension is effective 6/25/2018, and unless he complies with the requests for information, he will be automatically barred on 9/4/2018. He is prohibited from associating with any FINRA member in any capacity.

Flynn was last registered with IFS Securities (CRD #40375) of Greenville, SC, until 2/20/2018. There are 18 disclosures of varying types in his record, including judgments, a bankruptcy, and two employment discharges. The first, from IFS Securities, came after allegations of “trading ahead of authorization.” The second, on 2/10/2017, was by Voya Financial Advisors, Inc., (CRD#:2882) after allegations that Flynn “provided misleading information to the Firm during a complaint investigation.”

Although Flynn is barred from association with any FINRA company, he is still under FINRA’s jurisdiction, and FINRA can still conduct arbitration.

A customer complaint filed by a client’s attorney on 06/18/2018 alleges that Flynn “transferred assets from a 401k account into illiquid and unsuitable investments without proper diversification in August 2015.”  No additional information is available, and the complaint is listed as “pending.”

Two previous complaints, filed on 05/04/2018 and 04/06/2018, allege unsuitability in both customers’ investment objectives. The cases were both settled, and the damages totaled $101,500.

Flynn also had four customer disputes in 2017, all during his tenure at Voya Financial Advisors. His comments indicated that the firm settled these cases. Reported damages totaled $213,085.90.

In 2015 and 2016 Flynn had three customer disputes, one of which was denied. The other two were settled by his former firm.

In 2013, Flynn received a dismissal in a bankruptcy. He also has one civil lien in 2011 as well as two tax liens in 2005.

Silver Law Group represents investors in securities and investment fraud cases through litigation or FINRA arbitration. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. We handle most of our cases on a contingent fee basis. You won’t pay legal fees unless we win your case.