Articles Tagged with Edward Jones Broker Steven Olejniczak Discharged

The West Des Moines broker is under suspicion of elder financial fraud surrounding agreement with 76-year old customer.

According to the Financial Industry Regulatory Authority (FINRA), Steven Anthony Olejniczak was discharged from his employment with Edward Jones in West Des Moines, IA in May 2016 for failing to report to the firm that he was named as a beneficiary of a non-related client’s Transfer on Death account.

More recently, in May 2017, Olejniczak’s BrokerCheck report shows that the broker not only allegedly failed to comply with his member firm’s policies and procedures requiring him to notify the firm of his designation as beneficiary (while he continued to service the account), but that he also failed to notify the firm that the customer had also named Olejniczak’s wife as the beneficiary of 90 percent of the assets in another firm account.