FINRA Reportedly Bars Broker Ryan Tarjanyi after Allegations of Misrepresentation related to Variable Annuities Sales
According to the Financial Industry Regulatory Authority (FINRA) on March 5, the regulator has barred financial advisor Ryan O. Tarjanyi (CRD #6065805) from the securities industry after he provided allegedly inaccurate information in FINRA’s investigation.
On September 24, 2020, FINRA made a preliminary determination to recommend that disciplinary action be brought against Ryan Tarjanyi alleging that he falsified documents, forged customer signatures, and misrepresented the terms of an insurance policy (the alleged forgeries facilitated unauthorized withdrawals from customer funds).
The investigation came after Bankers Life Securities filed a Uniform Termination Notice for Securities Industry Registration for Tarjanyi on April 27, 2018, disclosing that the firm terminated Tarjanyi’s registration for “[n]ot being truthful during company initiated investigation.”
According to FINRA’s findings, Tarjanyi allegedly provided inaccurate information during on-the-record testimony regarding a customer’s execution of an annuity partial withdrawal form, in violation of FINRA Rules 8210 and 2010. Consequently he was barred from associating with any FINRA member at any time.
Ryan Tarjanyi’s broker report indicates that he was registered with Bankers Life Securities in Kettering, Ohio from May 2016 until April 2018. He then worked for Trustmont Financial Group in Greensburg, PA until November 2020.
According to his broker profile, he has 6 customer complaints filed against him since 2018. Allegations are all related to misrepresentations involving sales of variable annuities.
For FINRA’s full findings see FINRA Case NO.2019061943301.
Filing a Complaint against your Brokerage Firm
The White Law Group is investigating potential securities fraud claims involving Ryan Tarjanyi and the liability his former employers may have for failure to properly supervise him.
Brokerage firms are required to adequately supervise their advisors. They must ensure they are complying with FINRA rules.
When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
If you are concerned about investments with Ryan Tarjanyi and Bankers Life Securities, the securities attorneys at The White Law Group may be able to help you. Please call 888-637-5510 for a free consultation, or visit us on the web at www.whitesecuritieslaw.com.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois.
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