Darren Wayne Oglesby, of Monroe, Louisiana, a stockbroker currently registered with Money Concepts Capital Corp and Money Concepts Advisory Services, is referenced in a customer initiated investment related FINRA arbitration claim where the customer sought $191,000.00 in damages based upon allegations of Oglesby’s omissions of risks concerning alternative investments sold to the customer during the time that Oglesby was employed by Money Concepts Capital Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-02076 (October 14, 2021). According to the claim, the customer was placed in unsuitable real estate securities and other alternative investments, given the customer’s investment profile.
Oglesby has been identified in two more customer initiated investment related disputes concerning accusations of his wrongdoing while employed by Money Concepts Capital Corp. FINRA Public Disclosure shows that a customer filed an investment related complaint involving Oglesby’s activities in which the customer requested more than $5,000.00 in damages founded on allegations of Oglesby’s misrepresentations of surrender periods and fees on a variable annuity purchased by the customer.
Oglesby is also identified in a customer initiated investment related written complaint where the customer sought $40,000.00 in damages supported by accusations of Oglesby’s failure to tell the customer about the fees and the terms of variable annuities that Oglesby sold while registered with Money Concepts Capital Corp. The complaint alleges that the customer sustained damages on a real estate security and variable annuity.
Oglesby has been registered with Money Concepts Capital Corp as a stockbroker since May 26, 1995, and as an investment adviser representative since September 28, 2005.
