Soreide Law Group is presently reviewing potential claims on behalf of investors who have suffered losses potentially attributed to Delio Eduardo Londono [CRD: 2695744, La Crescenta, California]. Evidently, he worked for SagePoint Financial Inc. from May 6, 2010, to September 16, 2020. On FINRA BrokerCheck, Londono disclosed multiple allegations outlined below.
Sagepoint Financial Investor Alleged Unsuitable Recommendations By Londono
Particularly, on April 14, 2022, an investor initiated FINRA Arbitration No. 22-00776 against Delio Londono. The investor contended that Londono proposed certain real estate investment trusts and direct participation programs that contradicted her investment goals and requirements. The client stressed that the risks of these investments were inadequately communicated. Consequently, the client reportedly endured losses in direct investments, prompting her to seek $250,000 in compensation from SagePoint Financial Inc. or Londono. This arbitration is still awaiting a resolution.
Client Alleged Unauthorized Transactions By Delio Londono
Also, on December 14, 2021, an investor lodged a complaint concerning Delio Londono. The investor accused Londono of executing unauthorized transactions and providing misleading information, particularly in connection with nontraded REIT and BDC purchases in 2014. This allegedly led to the investor suffering losses, resulting in a demand for $300,000 in compensation from SagePoint Financial Inc. or Londono. However, the firm rejected this complaint on May 13, 2022.
Suitability Dispute Involving Londono
Notably, an investor contested the sales practices of Delio Londono through FINRA Arbitration No. 20-04103. The investor alleged that Londono's investment recommendations were unsuitable and either misrepresented or not sufficiently disclosed. These actions purportedly resulted in the investor incurring losses in direct investments and real estate securities. Consequently, SagePoint Financial Inc. chose to resolve this dispute by compensating the investor with $125,000 on May 13, 2022.
Investor Accuses Delio Londono Of Misrepresentation In FINRA Arbitration
Additionally, an investor filed FINRA Arbitration No. 20-04018 against Delio Londono. The investor claimed that Londono's investment suggestions were not tailored to her needs and were either misrepresented or inadequately disclosed. As a result, the investor allegedly faced losses in direct investments and real estate securities. This led to a settlement by SagePoint Financial Inc., who paid $395,000 in damages on January 24, 2023.
Londono Disclosed Misrepresentation Allegations By Sagepoint Financial Customer
Additionally, an investor challenged the sales practices of Delio Londono through FINRA Arbitration No. 20-03170. Londono was accused of misrepresenting information, leading to the client's losses in fixed annuities and real estate securities. SagePoint Financial resolved this matter by agreeing to a settlement of $20,000 on August 25, 2021.
Seek Assistance For Losses Linked To Delio Eduardo Londono
If you have incurred losses due to the actions of Delio Eduardo Londono, consider contacting Soreide Law Group either online or at (888) 760-6552 to explore options for recovering your investment losses. Soreide Law Group advocates for investors nationwide on a contingency basis. However, keep in mind that Londono and his employers deny allegations of sales practice violations.
