Securities Arbitration Lawyer Blog
FINRA has barred former Bankers Life Securities broker Ryan Tarjanyi from the securities industry for providing 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.
FINRA initially opened an examination of Tarjanyi’s sales practices in 2019. At that time, Bankers Life Securities reported that customers complained about Tarjanyi, alleging forgery and falsification of information on an insurance application and annuity withdrawal forms.
On September 24, 2020, FINRA made a preliminary determination to recommend that disciplinary action be brought against Tarjanyi, alleging that Tarjanyi falsified documents, forged customer signatures, and misrepresented the terms of an insurance policy (the forgeries facilitated unauthorized withdrawals from customer funds), in violation of FINRA Rules.
If you have lost money with Ryan Tarjanyi, or Bankers Life Securities, contact New York securities arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.
FINRA Letter of Acceptance, Waiver, and Consent (“AWC”)
Ryan Tarjanyi is no longer associated with a FINRA member but remains subject to FINRA’s jurisdiction. Tarjanyi and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on March 5, 2021.
Under FINRA Rule 8210, member firms and associated persons are required to provide information and testimony to FINRA in the course of an examination or investigation. Under the Rule, FINRA staff has the right to require associated persons to testify under oath “with respect to any matter involved in the investigation.” Inherent in that obligation to testify is the obligation to testify truthfully.
FINRA Rule 2010 requires FINRA members and associated persons to observe high standards of commercial honor and just and equitable principles of trade. Providing false or misleading testimony to FINRA violates FINRA Rules 8210 and 2010.
On February 20, 2020, as part of its examination, FINRA staff took Tarjanyi’s testimony under oath. During his on-the-record testimony, Tarjanyi provided inaccurate information in response to questioning about a customer’s execution of an annuity partial withdrawal form. As a result, Tarjanyi violated FINRA Rules 8210 and 2010.
Ryan Tarjanyi (CRD#: 6065805)
Tarjanyi has eight years of experience in the securities industry, and his CRD shows six customer complaints. He has been registered with the following firms:
- Trustmont Financial Group, Inc., Greensburg, PA (April 24, 2018 – November 17, 2020);
- Bankers Life Securities, Inc., Kettering, OH (May 26, 2016 – April 27, 2018); and
- Proequities, Inc., Kettering, OH (May 24, 2012 – May 26, 2016).
According to the Form U5 filed by Bankers Life Securities on April 27, 2018, the firm terminated Tarjanyi’s registration as of March 30, 2018, for “[n]ot being truthful during [a] company-initiated investigation.”
How to Recover Losses or Obtain a Free Consultation
If you have lost money with Ryan Tarjanyi or Bankers Life Securities, contact New York securities arbitration lawyer Jorge Altamirano of Iorio Altamirano LLP at jorge@ia-law.com or toll-free at (855) 430-4010 for a free and confidential evaluation of your account.
Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. We pursue FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by financial advisors and brokerage firms.