Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that former broker Ryan Owen Tarjanyi (CRD # 6065805) was recently barred from the securities industry by FINRA’s Department of Enforcement for fraud. The sanction occurred after he failed to provide information to FINRA during the course of an investigation into his termination for the handling of customer annuity transactions.
The Law Office of Kevin J. Deloatch, Esq. is interested in speaking to investors who have complaints regarding Mr. Tarjanyi.
Registration Background for Ryan Tarjanyi
Mr. Tarjanyi first became registered in the securities industry in 2012. He was most recently registered with Greensburg, PA based Trustmont Financial Group, Inc. (CRD # 18312) from April 2018 to November 2020. His prior registrations include Bankers Life Securities, Inc. (CRD # 173962) from May 2016 to April 2018 and ProEquties, Inc. (CRD # 15708) from May 2015 to May 2016.
FINRA’s Allegations Against Ryan Tarjanyi
According to FINRA Letter of Acceptance, Waiver and Consent (AWC) dated March 5, 2021, Mr. Tarjanyi consented to, without either admitting to or denying, the following findings by FINRA’s Department of Enforcement:
- “In 2019, FINRA opened an examination of [Mr.] Tarjanyi’s sales practices”;
- “Bankers Life Securities had reported that customers complained about [Mr.] Tarjanyi, alleging, among other things, forgery and falsification of information on an insurance application and annuity withdrawal forms”;
- “Pursuant to FINRA Rule 8210, and as part of its examination, FINRA staff took [Mr.] Tarjanyi’s testimony, under oath, on February 20, 2020”;
- “During his on-the-record testimony, [Mr.] Tarjanyi provided inaccurate information in response to questioning about a customer’s execution of an annuity partial withdrawal form”; and
- By virtue of the above actions, Mr. Tarjanyi violated FINRA Rule 8210, regarding providing information requested by FINRA in an investigation; and FINRA Rule 2010, regarding standards of commercial honor and principles of trade.
FINRA Sanctions Ryan Tarjanyi
As a result of such violations and in addition to the above described findings and conclusions, FINRA’s March 5, 2021 AWC also indicates that Mr. Tarjanyi consented to the following sanction(s):
- A bar from associating with any FINRA member in all capacities.
Ryan Tarjanyi Has A History of Customer Complaints
In addition to Ryan Tarjanyi being barred by FINRA from the securities industry for fraud, FINRA BrokerCheck for Mr. Tarjanyi reveals that he has a history of customer complaints and/or customer initiated arbitrations, including:
- On April 24, 2020 a customer initiated a written complaint against Mr. Tarjanyi regarding alleged actions that occurred while he was associated with Bankers Life Securities, Inc. The customer alleged that she did not sign up for a Limited Convalescent Care Policy with Bankers Life Securities, Inc. and asked to have the policy canceled. The customer further alleged damages in excess of $2,890.00. On May 28, 2020, the complaint was settled in the amount of $3,056.00.
- On October 26, 2018 a customer initiated a written complaint against Mr. Tarjanyi regarding alleged actions that occurred while he was associated with Bankers Life Securities, Inc. The customer alleged unsuitability with regards to annuities purchased from Mr. Tarjanyi. The customer further alleged damages in excess of $153,775.75. On January 29, 2019, the complaint was settled in the amount of $141,275.75.
If you or someone you know has or had a brokerage account with Ryan Owen Tarjanyi and have concerns regarding losses in your investments or possible sales practice violations including fraud, you may be entitled to recover lost funds. The Law Office of Kevin J. Deloatch, Esq. has an extensive securities law practice and over 30 years of experience on Wall Street. Call today at (646) 792-2156 for a free consultation. The time to file your claim may be limited so you should call today to avoid delay.