John Tryon: Centaurus Advisor Denies $100K Bond Complaint

Troy, Michigan financial advisor John Tryon (CRD# 1593231) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is currently registered as a broker and an investment advisor with Centaurus Financial, doing business as John E. Tryon & Associates.

Mr. Tryon’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in April 2024, alleges that as a representative of Centaurus Financial, he breached his fiduciary duty and recommended unsuitable investments in corporate bond and variable annuity products. The pending complaint alleges damages of $100,000.

In a statement included with the complaint’s disclosure, Mr. Tryon defended himself against the allegations, writing that the customer confirmed in writing that they received the relevant disclosure information and understood the risks of the investments. “I vehemently deny any wrongdoing and assert that the allegations are completely without merit,” he stated. “The investments about which the customer complained were suitable and were recommended based on the customer’s objectives, goals and financial circumstances and were offered only after her review of all material documentation related to the investment.”

An earlier investor complaint, filed in 2010, alleged that as a representative of Vestax Securities Corporation, he misrepresented an investment that was fraudulent. The complaint reached a settlement of $14,999.99.

A third investor complaint, filed in 2004, alleged that as a Leonard & Company representative, he breached his fiduciary duty and recommended an unsuitable variable annuity. In 2006 the complaint reached a settlement of $50,000.

According to the Financial Industry Regulatory Authority, John Tryon holds 36 years of securities industry experience. Based in Troy, Michigan, he has been registered as a broker and an investment advisor with Centaurus Financial since 2005 and 2013, respectively, doing business as John E. Tryon & Associates. His past registrations include Leonard & Company (Troy, Michigan; 1998-2005), Vestax Securities Corporation (Hudson, Ohio; 1991-1998), and Walnut Street Securities (El Segundo, California; 1987-1991), His credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Direct Participation Programs Representative Examination, or Series 22; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Arizona, California, the District of Columbia, Florida, Indiana, Michigan, Minnesota, Missouri, North Carolina, Pennsylvania, Rhode Island, Texas, and Virginia. (Information current as of June 1, 2024.)

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