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$5 Million Complaint Against Ex-Voya Broker Jim Flynn

Former Greenville, South Carolina broker and investment advisor Jim Flynn (CRD#: 3082615) has received dozens of settled or pending investor complaints, some alleging damages in the six or seven figures. Flynn was barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in 2018. Before that, FINRA records show he was a registered representative of IFS Securities and Voya Financial Advisors.

Jim Flynn’s FINRA-maintained BrokerCheck report lists 40 settled investor complaints against him and 13 pending investor complaints. The most recently settled complaint was filed in 2020 and alleged that as a representative of Voya Financial Advisors, Jim Flynn placed hundreds of thousands of dollars in “multiple illiquid, risky and speculative private placements.” The complaint reached a settlement in February 2021 of $152,500.

Another complaint filed in 2020 alleged that as a Voya Financial representative, Jim Flynn “fictitiously stated” the customer’s financial information on account documents. The complaint reached a settlement in 2021 of $150,000.

A complaint filed in March 2021 alleges that as a Voya Financial representative, Jim Flynn recommended unsuitable alternative investments. The pending complaint alleges damages of $500,000.

A complaint filed in 2020 alleges that while at Voya Financial Advisors, he recommended unsuitable and illiquid investments in real estate, variable annuity, and unit investment trust products. The pending complaint alleges damages of $5 million.

A complaint filed in 2019 alleged that while at Voya Financial Advisors, he sold the customers “a portfolio of high commission, illiquid and speculative financial products.” The complaint reached a settlement in 2020 of $420,000.

Another complaint filed in 2019 alleged that while at Voya Financial Advisors, he sold illiquid and unsuitable alternative investments. The complaint reached a settlement in 2020 of $575,000.

A complaint filed in 2019 alleged that while at Voya Financial Advisors, Capital Investment Group, and IFS Securities, he recommended unsuitable and illiquid securities. The complaint reached a settlement in 2020 of $750,000.

According to records provided by the Financial Industry Regulatory Authority (FINRA), Jim Flynn has been barred from associating with any FINRA member firm. His prior registrations include IFS Securities in Greenville, South Carolina; Voya Financial Advisors in Greenville, South Carolina; Capital Investment Group in Greer, South Carolina; Brookstone Securities in Greer, South Carolina; UVest Financial Services Group in Greenville, South Carolina; Wachovia Securities in St. Louis, Missouri; BB&T Investment Services in Charlotte, North Carolina; the O.N. Equity Sales Company in Cincinnati, Ohio; Intersecurities in St. Petersburg, Florida; Sunset Financial Services in Kansas City, Missouri; and VSR Financial Services ini Overland Park, Kansas. He has passed four securities industry qualifying examinations: the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He currently holds no state securities registrations. (Information current as of June 11, 2021.)

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