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Have You Suffered Private Placement Losses with Money Concepts Capital Corp. Broker Darren Oglesby?

Posted on Tuesday, April 21st, 2020 at 4:22 pm    

Money Concepts Capital Corp.

Erez Law is currently investigating Money Concepts Capital Corp. broker Darren Oglesby (CRD# 2480135) regarding private placement losses. Oglesby has been registered with Money Concepts Capital Corp. in Monroe, Louisiana since 1995.

Oglesby has been the subject of three customer complaints between 2005 and 2019, two of which were closed without action, according to his CRD report:

August 2019. “Clients are alleging the investment was an unsuitable product, breach of contract and breach of fiduciary duty.” The customer is seeking $100,000 in damages and the case is currently pending. The complaint was regarding private placements.

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, Money Concepts Capital Corp. may be liable for investment or other losses suffered by Oglesby’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.