Options for Clients of UBS Financial Services Inc. Broker Dennis Oleszkowicz

UBS Financial Services Inc.

Erez Law is currently investigating UBS Financial Services Inc. broker Dennis Oleszkowicz (CRD# 837970) regarding individual retirement account (IRA) investment losses. He has been registered with UBS Financial Services Inc. in Birmingham, Michigan since 2003. 

Dennis Oleszkowicz Customer Complaints

He has been the subject of four customer complaints between 1987 and 2022, one of which was denied, according to his CRD report. The most recent complaints were regarding: 

February 2022. “Allegations as stated by Claimant: Time frame: 9/2020 – 1/2021 Allegations: Claimants allege that, contrary to the instructions of the Successor Trustee, funds in the inherited accounts were placed into a regular investment account rather than into an Inherited IRA account. Claimants allege they relied upon the Firm to ensure that documentation provided would be consistent with the objective of setting up an Inherited IRA account and deferring taxation on the funds as permitted under the tax code, and due to alleged breaches of fiduciary duty, negligence, negligent misrepresentation, suitability, Reg. BI, and violations of the Michigan Uniform Securities Act (“MUSA”) MCL 451.2509, they suffered damages of approximately $200,000.” The customer is seeking $200,000 in damages and the case is currently pending. The complaint was regarding IRA equities. 

September 2015. “Time Frame: January 2012-September 2012. Claimant alleges a failure to follow instructions to remove the restricted status of his stock shares, resulting in lost opportunity damages.” The customer sought $50,000 in damages and the case was settled for $15,000. The complaint was regarding equity OTC. 

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, UBS Financial Services Inc. may be liable for investment or other losses suffered by Dennis Oleszkowicz’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.