Soreide Law Group is investigating possible investor claims against Delio Londono (also known as Del Londono) (CRD: 2695744, La Crescenta, California). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Sagepoint Financial Inc. Notably, investors allege sales practice violations in these disputes, including that Londono made unsuitable recommendations and made misrepresentations of material fact. Here is a brief summary of the disclosures about Londono. However, keep in mind that Londono denies the allegations against him.
Evidently, a Sagepoint Financial Inc. client filed FINRA Arbitration: 20-04018 about Delio Londono. Namely, the client alleged that Londono made unsuitable recommendations and misrepresentations. Because of this, the client allegedly sustained damages on direct investments (DPPs and LPs) and real estate securities. Therefore, on January 24, 2023, Sagepoint Financial Inc. settled this matter by paying the client $395,000 in damages.
Particularly, a client of Sagepoint Financial Inc. contested Delio Londono’s sales practices by filing FINRA Arbitration: 20-04103. Allegedly, Londono provided unsuitable advice. It appears that Londono caused the client to sustain damages on direct investments (DPPs and LPs) and real estate securities. Therefore, Sagepoint Financial Inc. opted to settle the matter on May 13, 2022, by compensating the client in the amount of $125,000.
Also, on April 7, 2022, a Sagepoint Financial Inc. client filed FINRA Arbitration: 22-00776 about Delio Londono. Namely, the client alleged that Londono made omissions of material fact and provided unsuitable advice. Because of this, the client allegedly sustained damages on direct investments. Therefore, the client requested $250,000 in compensation from Sagepoint Financial Inc. or Londono. BrokerCheck shows that this arbitration is pending a resolution.
Additionally, on December 14, 2021, a Sagepoint Financial Inc. client filed a complaint about Delio Londono. Namely, the client alleged that Londono engaged in unauthorized trading and made misrepresentations of material fact. Because of this, the client allegedly sustained damages on real estate securities and BDCs. Therefore, the client requested $300,000 in compensation from Sagepoint Financial Inc. or Londono. However, the firm denied this complaint.
Also, a Sagepoint Financial Inc. client filed FINRA Arbitration: 20-03170 about Delio Londono. Namely, the client alleged that Londono made misrepresentations of material fact. Because of this, the client allegedly sustained damages on fixed annuities and real estate securities. Therefore, on August 25, 2021, Sagepoint Financial Inc. settled this matter by paying the client $20,000 in damages.
Londono worked for Sagepoint Financial, Inc in La Crescenta, CA, as a securities broker from May 2010 to September 2020. Evidently, on September 8, 2020, Advisor Group disaffiliated with Londono. Particularly, Advisor Group alleged that Londono engaged in unauthorized client-related activities. Sagepoint is a part of Advisor Group.
Also, a client of Sagepoint Financial Inc. contested Delio Londono’s sales practices by filing FINRA Arbitration: 18-01267. Allegedly, Londono engaged in unsuitable trading. It appears that Londono caused the client to sustain damages on direct investments (DPPs and LPs), mutual funds, and real estate securities. Therefore, Sagepoint Financial Inc. opted to settle the matter on August 13, 2018, by compensating the client in the amount of $20,000.
Have you experienced damages by investing with Delio Londono? If so, contact Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has helped recover money for hundreds of investors across the country, represents clients on a contingency fee basis and advances all costs. Londono and those firms Londono worked for deny any and all allegations of sales practice violations.
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