DELIO EDUARDO LONDONO (DEL E LONDONO, DEL LONDONO) was with SAGEPOINT FINANCIAL of La Crescenta, California, from 05/06/2010 - 09/16/2020. Londono was previously registered both as a broker and as an investment advisor.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, DEL E LONDONO, has been in the securities industry for 19 years and was listed with 4 firms. Londono has 9 disclosures on his FINRA CRD report. Of the 9 disclosures, 8 are “Customer Disputes,” and 1 is an “Employment Separation after Allegations.” The significance of DEL E LONDONO’s FINRA Customer Complaints is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. Londono’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
The BrokerCheck report states that in September of 2020, DEL E LONDONO was “permitted to resign” from Advisor Group following the allegations of, “Client contends that representative return certain funds to client after investment without knowledge of the firm."
Of the 8 “Customer Disputes” listed on DEL E LONDONO’s BrokerCheck report, 5 were settled and 3 were denied, the following are some examples of the settled disputes:
In a dispute filed against Londono, in April of 2022, the allegations were, “Claimant alleges that certain unnamed REITS and direct participation programs were recommended to the client that were not in keeping with her investment objectives and needs, and that the risks and other characteristics of the investments were not fully explained.” The settlement amount was $95,000.00.
In December of 2021, there were allegations against Londono of, “The clients allege certain investment recommendations were not in keeping with the client’s needs and were either misrepresented or not fully disclosed to the clients.” The settlement amount was $125,000.00.
DEL E LONDONO has a dispute from December of 2020, the settlement amount was $395,000.00, following the allegations of, “The client alleges certain unspecified investment recommendations were not in keeping with the client’s needs and were either misrepresented or not fully disclosed.”
In August of 2020, the allegations against DEL E LONDONO were, “Customer alleges that nontraded alternative investment purchases beginning in 2015 were misrepresented and unsuitable.” The damage amount was $50,000.00.
To discuss this article or any other issues, contact Soreide Law Group at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com