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Andrzej Dudus Allegedly Misrepresented VUL

Andrzej Dudus (CRD #: 2975058), a broker registered with MML Investors Services, allegedly failed to fully explain an insurance policy to a client, according to his BrokerCheck record, accessed on April 25, 2023. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On March 5, 2023, an investor filed a dispute alleging that Andrzej Dudus misrepresented a Variable Universal Life (VUL) insurance policy issued on February 3, 2020, by failing to explain that the client couldn’t cash out his equity without penalties. This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of manipulative, deceptive, or otherwise fraudulent tactics to influence investors’ decisions. Misrepresenting an investment’s features, limitations, or requirements violates this rule.

What are VULs?

A Variable Universal Life insurance policy (VUL) has two notable features: a tax-free death benefit for beneficiaries and an investment portfolio. A portion of each premium payment is invested—but the policy’s value depends on the performance of these investments, and is not guaranteed to increase. Further, VULs are often at risk for lapsing, which negates their tax benefits.

Background Information

Andrzej Dudus has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Andrzej Dudus is a registered broker in five states and a registered investment adviser in New York and Texas.

He has also worked for MSI Financial Services (CRD#:14251) and Metropolitan Life Insurance Company (CRD#:4095).

Kurta Law Can Help

If you worked with Andrzej Dudus and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.