Bankers Life Stockbroker Investigated By FINRA For Forgery
Ryan Owen Tarjanyi of Greensburg Pennsylvania a stockbroker formerly employed by Bankers Life Securities is under investigation according to Financial Industry Regulatory Authority (FINRA). Case No. 20190619433 (Sept. 24, 2020).
FINRA Public Disclosure reveals that Department of Enforcement might proceed with a disciplinary action against Tarjanyi supported by accusations of the stockbroker violating FINRA rules. According to the regulator, misrepresentations were potentially made by Tarjanyi regarding an insurance policy. Signatures of customers had allegedly been forged by Tarjanyi. The stockbroker potentially falsified documents too.
FINRA stated that Tarjanyi may have violated FINRA Rules 2010 and 2150(a) for the alleged misrepresentations, forgery and falsification of documents. The details of the investigation indicate that Tarjanyi possibly forged signatures as part of effecting unauthorized withdrawals of customer funds.
FINRA also indicates that Tarjanyi may have obstructed an investigation into allegations of his misconduct. The investigation stated that Tarjanyi possibly provided false testimony to the regulator in violation of FINRA Rules 2010 and 8210.
FINRA Public Disclosure reveals that Tarjanyi has been identified in six customer initiated investment related disputes concerning accusations of his misconduct while he was employed by Bankers Life Casualty Company and Bankers Life Securities Inc. On February 20, 2018, a customer initiated investment related complaint involving Tarjanyi’s conduct was settled for $120,000.00 in damages founded on allegations that the customers’ index annuity surrender document had been forged by Tarjanyi while he was registered with Bankers Life Casualty Company.
On June 11, 2018, a customer filed an investment related complaint regarding Tarjanyi’s conduct where the customer sought $9,900.00 in damages based upon accusations that the Bankers life Securities customer was provided with misleading information regarding the premiums due for an annuity. On January 28, 2019, another customer filed an investment related complaint concerning Tarjanyi’s activities where the customer requested $20,000.00 in damages supported by allegations of forgery on a Premium Bonus Annuity application. The complaint alleges that the customer did not ask for any annuity and did not provide anyone with permission to purchase an annuity. According to the complaint, a forgery was committed by Tarjanyi.
Tarjanyi is also the subject of a customer initiated investment related written complaint which was resolved for $141,275.75 on January 29, 2019 founded on accusations that the customer had been required to pay a large tax bill on what was supposed to be a tax-free exchange. The complaint also alleges that the customer had been placed into annuities that failed to be suitable as they had long maturity dates and surrender schedules and had not benefited the customer when considering the costs. According to the complaint, misrepresentations had also been made to the customer concerning the advantages and characteristics of annuities which were purchased with the majority of the customer’s net worth.
On September 13, 2019, a customer initiated investment related complaint involving Tarjanyi’s conduct was settled for $32,500.00 in damages based upon allegations that the customer’s assets were stolen for purposes of funding a BLC life insurance policy. According to the complaint, the customer did not permit Tarjanyi to effect a fund transfer to purchase this policy. The complaint also alleges that the policy was not legitimate but instead fraudulently created. The customer’s signature had allegedly been forged on the documents.
On September 3, 2020, an additional customer initiated investment related complaint regarding Tarjanyi’s conduct was settled to resolve accusations that the customer was invested in a Limited Convalescent Care Policy in July of 2017 without the customer’s permission. The complaint alleges that signatures on checks did not match up with the customer’s signatures on file but instead reflected forgery.
Tarjanyi was discharged by Bankers Life on March 30, 2018 supported by allegations of Tarjanyi failing to be truthful while under investigation by the company. Since April 28, 2018, he has been registered as a stockbroker of Trustmont Financial Group Inc. He became registered as an investment adviser representative of Trustmont Advisory Group Inc. on March 5, 2019.