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Investors Seek Six Figures in Dennis Oleszkowicz Dispute

Dennis Oleszkowicz (CRD #: 837970), a broker registered with UBS Financial Services, is involved in an ongoing investor dispute, according to his BrokerCheck record, accessed on April 11, 2022. Read on if you have questions about Dennis Oleszkowicz’s conduct as a broker.

Investor Disputes

In a dispute filed on February 2, 2022, investors allege that, between September 2020 and January 2021, Dennis Oleszkowicz was instructed by a successor trustee to move certain funds from inherited accounts into an inherited IRA but instead moved them into a regular investment account.

The clients allege Dennis Oleszkowicz committed negligence, misrepresentation, and made unsuitable investment recommendations, as well as violating Regulation Best Interest and the Michigan Uniform Securities Act MCL 451.2509. 

Clients also claim they suffered $200,000 in damages due to the lack of tax deferment on these funds and lack of documentation consistent with their intended transfer to the inherited IRA. The dispute is currently pending.

On November 25, 2020, an attorney representing a trustee alleged Dennis Oleszkowicz and a certified senior advisor at UBS Financial Services failed to transfer an IRA account to an inherited IRA, and that this would cause errors in their tax reporting at the end of that year. The client sought $1,803,717 in damages but the dispute was denied.

Investors should be aware that firms can deny disputes without an external review. Investors may still be able to recover their losses through FINRA arbitration after a denial.

Background Information

Dennis Oleszkowicz has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 15 – Foreign Currency Options Examination
  • Series 5 – Interest Rate Options Examination
  • PC – AMEX Put and Call Exam
  • Series 7 – General Securities Representative Examination

Dennis Oleszkowicz is a registered broker in 37 states and the District of Columbia. He is also a registered investment adviser in Florida, Michigan, and Texas.

In the past, he has worked for the following firms:

  • Citigroup Global Markets (CRD#:7059)
  • Lehman Brothers (CRD#:7506)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:572)

Kurta Law Can Help

If you worked with Dennis Oleszkowicz 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.