Ryan Tarjanyi, Ex-Bankers Life Advisor, Charged with Fraud and Theft

Ryan Tarjanyi Charged with Fraud and Theft – Former Bankers Life Securities Advisor Accused of Stealing Over $674,000

The securities fraud attorneys at The White Law Group are investigating potential investor claims involving Ryan O. Tarjanyi, a former financial advisor with Bankers Life Securities, who has been reportedly criminally charged in Ohio with dozens of fraud-related offenses tied to alleged theft from clients.

According to court records in Montgomery County, Ohio, Tarjanyi reportedly faces 55 criminal charges, including forgery, theft, telecommunications fraud, identity fraud, and insurance fraud. Authorities allege that Tarjanyi stole more than $674,000 from multiple clients through forged documents and fraudulent insurance transactions.

Investors who suffered losses involving Ryan Tarjanyi or Bankers Life Securities may have legal options to pursue financial recovery through FINRA Arbitration.

Ryan Tarjanyi Faces 55 Criminal Charges

Ryan Tarjanyi, 52, of Huber Heights, Ohio, has been charged with:

• 22 counts of forgery

• 12 counts of theft

• 12 counts of telecommunications fraud

• 8 counts of identity fraud

• 1 count of insurance fraud

According to investigators, Tarjanyi allegedly forged client signatures and created fraudulent documents in order to transfer insurance policies and withdraw funds from client accounts.

Authorities claim that Tarjanyi stole approximately:

• $486,000 from one client beginning in December 2022, and

• $188,075 from additional victims between June 2021 and September 2023

Court affidavits reportedly state that Tarjanyi used fraudulent emails and electronic communications to submit forged documents and change policy information, allowing him to divert client funds.

Tarjanyi was reportedly being held in Montgomery County Jail on a $1 million bond.

Ohio Insurance License Revoked

Separate from the criminal case, the Ohio Department of Insurance revoked Tarjanyi’s resident insurance agent license in May 2023 following an investigation into misconduct involving insurance products.

According to regulatory records, Tarjanyi was accused of submitting an annuity withdrawal form in June 2017 containing a forged signature while working with Bankers Life Casualty Company.

Tarjanyi appealed the revocation, arguing that the decision was unsupported by sufficient evidence. However:

• A Montgomery County judge denied the appeal, and

• The Ohio Second District Court of Appeals upheld the revocation in November 2024.

The Ohio Department of Insurance currently lists Tarjanyi’s license as expired as of January 31, 2024.

FINRA Barred Ryan Tarjanyi from the Securities Industry

Prior to the criminal charges, the Financial Industry Regulatory Authority (FINRA) permanently barred Ryan Tarjanyi (CRD #6065805) from the securities industry.

FINRA’s investigation reportedly found that Tarjanyi provided inaccurate information during sworn testimony concerning a customer’s execution of an annuity withdrawal form. The conduct allegedly violated FINRA Rules 8210 and 2010, which require brokers to cooperate fully and provide truthful information to regulators.

The regulatory investigation followed Tarjanyi’s termination from Bankers Life Securities in April 2018, after the firm stated he was not truthful during an internal investigation.

FINRA documented the action in Case No. 2019061943301, resulting in a permanent industry bar.

Ryan Tarjanyi Broker Background and Complaints

Public broker records indicate that Ryan Tarjanyi worked for:

• Bankers Life Securities – Kettering, Ohio (2016 – 2018)

• Trustmont Financial Group – Greensburg, Pennsylvania (2018 – 2020)

His disclosure history reportedly includes multiple customer complaints alleging misconduct involving the sale of variable annuities, including allegations of misrepresentation.

Complaints involving annuities often include allegations such as:

• Misrepresenting surrender charges or fees

• Unsuitable annuity recommendations

• Unauthorized withdrawals

• Forged or altered client paperwork

Potential Liability for Bankers Life Securities

Brokerage firms have a legal obligation to supervise their financial advisors and prevent misconduct.

If a brokerage firm fails to properly supervise a broker who engages in misconduct such as: Forgery, Misrepresentation, Unauthorized withdrawals and Fraudulent investment recommendations, the firm may be liable for investor losses under FINRA arbitration claims.

Filing a Complaint to Recover Investment Losses

The White Law Group is investigating potential securities fraud claims involving Ryan Tarjanyi, Bankers Life Securities, and variable annuity sales.

Investors who believe they may have been harmed by misconduct involving Ryan Tarjanyi may be able to pursue financial recovery through FINRA arbitration.

If you invested with Ryan Tarjanyi or Bankers Life Securities and experienced losses, you may be entitled to compensation.

Contact The White Law Group at 888-637-5510 for a free consultation.

FAQs

What fraud charges is Ryan Tarjanyi facing?

Ryan Tarjanyi has reportedly been charged in Ohio with 55 counts including forgery, theft, telecommunications fraud, identity fraud, and insurance fraud, tied to allegations that he stole more than $674,000 from clients.

Why was Ryan Tarjanyi barred from the securities industry?

FINRA barred Tarjanyi after alleging he provided inaccurate information during a regulatory investigation involving annuity withdrawal forms.

Can investors file claims against Bankers Life Securities?

Yes. Investors who suffered losses may pursue FINRA arbitration claims against the brokerage firm if supervisory failures allowed broker misconduct.