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 James Flynn Formerly With IFS Securities and Voya Financial Advisors, Inc. Has 71 Customer Complaints For Alleged Broker Misconduct

Who is James Flynn formerly with IFS Securities?

James Flynn

James Flynn (CRD #3082615) who was formerly registered with IFS Securities and located in Greenville, South Carolina, is a subject of one of our many securities industry sales practice abuse investigations. Prior to IFS Securities, James Flynn was associated with Voya Financial Advisors, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. James Flynn has had his own regulatory problems. In 2018 and again in 2022, he was suspended by FINRA for any further association with any brokerage firm in any capacity.

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James Flynn Customer Complaints

James Flynn has been the subject of 71 customer complaints that we know about to recover investment losses. One customer complaint resulted in an award in favor of the investor. Fifty-six of the customer complaints was settled in favor of the investors. Thirteen customer complaints were denied by James Flynn’s former employers and the investors took no further action. There is only one FINRA arbitration proceeding still pending for James Flynn’s alleged misconduct.

Allegations Against James Flynn

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • The Statement of Claim allegations include the claim that representative sold a portfolio of high commission, illiquid and speculative financial products to claimants.
  • Allegations include unsuitable investments were sold to claimants who were unsophisticated investors, that the risks were not aligned with their objectives, material risks were not disclosed, and the investments were over-concentrated.
  • Allegations include misrepresentation and suitability related to the alternative/illiquid securities that were recommended.
  • The allegations within the Statement of Claim are that representative sold the clients a portfolio of high commission, illiquid, and speculative investments without regard to their investment objectives and risk tolerance.
  • Customer alleges representative told him he would have access to his money if needed and was never made aware of the surrender charges and risks that came with product recommended in February 2016.
  • Statement of Claim notes representative misled claimants by making false and misleading representations and made unsuitable investment recommendations.
  • Customers allege most of their liquid net worth was invested in illiquid products recommended by representative beginning in April 2014.
  • Attorney representing customer alleges representative transferred assets from a 401K account into illiquid and unsuitable investments without proper diversification in August 2015.
  • Customer alleges the recommendation for the alternative investment product purchased in June 2014 in his IRA and joint account was not suitable for his goals and objectives.
  • Customer alleges REIT purchased in June 2015 was not suitable as he was not aware it wasn’t traded or of risks involved.
  • Customers questioned suitability of REIT investments in the replacement of a variable annuity policy.
  • Client alleges that the REIT product was unsuitable for him.  Given his net worth and investment experience and that he was unaware that he would not receive back the full value of the REIT if he liquidated it early during the tender period.
  • Client states that representative misrepresented risks a variable annuity and sold the contract without explaining the product.
  • Allegations include concentration of assets, surrender charges and then if it riders were not discussed, and lack of diversification.  The variable annuity contracts were issued in September 2016.

James Flynn Red Flags & Your Rights As An Investor

Of course, James Flynn did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of James Flynn at IFS Securities and Voya Financial Advisors, Inc. on alert to review carefully the activity and performance of their accounts and question whether James Flynn has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at IFS Securities and Voya Financial Advisors, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At IFS Securities Due To James Flynn

If you have questions about IFS Securities, Voya Financial Advisors, Inc. and/or James Flynn and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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