Darren Wayne Oglesby of Oakdale Minnesota a stockbroker currently associated with Money Concepts Capital Corp has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by allegations that (1) a fiduciary duty that was owed to the customer had been breached by Oglesby (2) a private placement transaction was effected in violation of a contract with Money Concepts Capital Corp and (3) the private placement transaction was not suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02237 (Aug. 15, 2019).
Oglesby has been referenced in two more customer initiated investment related disputes concerning accusations of his improprieties when the stockbroker was associated with Money Concepts Capital Corp. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that a customer filed an investment related complaint in reference to Oglesby’s conduct where the customer sought $5,000.00 in damages based upon accusations that misrepresentations were made to the customer concerning the penalties on surrendering a variable annuity which Oglesby sold while associated with Money Concepts Capital Corp.
Another customer filed an investment related complaint involving Oglesby’s conduct in which the customer requested $40,000.00 in damages based upon allegations that the Money Concepts Capital Corp customer was not provided with adequate information from Oglesby in regard to the fees and the nature of variable annuities and real estate investment trusts that he sold to the customer.
Oglesby has been employed by Money Concepts Capital Corp since May 26, 1995.
