History Of Ryan Tarjanyi
Tarjanyi first became registered with FINRA in May 2012 as an Investment Company
and Variable Contracts Products Representative (IR) through his association with a
FINRA member firm. In May 2016, Tarjanyi became registered as an IR through his
association with Bankers Life Securities, Inc. In February 2017, Tarjanyi became
registered as a General Securities Representative (GS) through the firm. 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 as
of March 30, 2018 for “[n]ot being truthful during company initiated investigation.”
From April 24, 2018 until November 17, 2020, Tarjanyi was registered with FINRA as a
GS and IR through his association with another FINRA member firm.
Although Tarjanyi is no longer associated with a FINRA member firm, FINRA retains
jurisdiction over him pursuant to Article V, Section 4 of FINRA’s By-Laws.
Ryan Tarjanyi Report
In 2019, FINRA opened an examination of Tarjanyi’s sales practices. At that time,
Bankers Life Securities had reported that customers complained about Tarjanyi, alleging, among other things, forgery and falsification of information on an insurance application and annuity withdrawal forms.
FINRA Rule 8210 requires member firms and associated persons to provide information and testimony to FINRA in the course of an examination or investigation. Under Rule
8210, 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 each FINRA member
and its 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.
Pursuant to FINRA Rule 8210, and as part of its examination, FINRA staff took
Tarjanyi’s testimony, under oath, on February 20, 2020. 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.
Therefore, Tarjanyi violated FINRA Rules 8210 and 2010.
Penalties, Punishments & Sanctions
a bar from associating with any FINRA member in all capacities
Respondent understands that if he is barred or suspended from associating with any
FINRA member, he becomes subject to a statutory disqualification as that term is defined
in Article III, Section 4 of FINRA’s By-Laws, incorporating Section 3(a)(39) of the
Securities Exchange Act of 1934. Accordingly, he may not be associated with any
FINRA member in any capacity, including clerical or ministerial functions, during the
period of the bar or suspension. See FINRA Rules 8310 and 8311.
Ryan Tarjanyi Review
Tarjanyi 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.
Who is the Financial Adviser?
A financial adviser or advisor is a professional who offers financial services to clients based on their financial situation. In several countries, financial advisors have to finish specific training and register with a regulatory body to provide advice.
How To Spot A Fraud Finance Advisor (Infographic)
Help For Victims Of Ryan Tarjanyi
If you have lost funds because of misrepresentation, unsuitable investment, or unsuitable investment strategy from Ryan Tarjanyi. Then you can take legal action and get justice. Fraud, Malpractice & dereliction of duty should not be taken lightly, especially in this industry. We highly suggest that you notify authorities or seek legal action if your financial advisor or brokerage firm fails to abide by FINRA’s rules are regulations.
Financial advisors are regulatory & legally obligated to suggest (recommend) the most suitable investments/investment strategies to their clients. Their suggestions should have their client’s best interests and should be appropriate for their client’s goals and needs. Similarly, the brokerage firm which hires financial advisors also has a regulatory & legal obligation to keep a close watch and supervise their Financial Advisors’ practices & behavior. They need to make sure that the financial advisor is not being manipulative or having an unreasonable bias towards certain investments. If the financial advisor and/or the brokerage firm breaches these duties, then the client/customer may be entitled to a full or partial recovery of their losses.
Financial advisors need to have the interest of their clients when giving suggestions related to investments and investment strategies. Reasonable basis suitability requires the advisor to do their best to analyze & identify the risks and rewards associated with their suggested investment and/or investment strategy.
