Delio Eduardo Londono (also known as Del Londono) of La Crescenta, California, a stockbroker registered with Sagepoint Financial Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $395,000.00 in damages based upon allegations that Londono made unsuitable recommendations and made either misrepresentations or omissions of material fact in connection with the sale of real estate securities and direct investments when Londono was associated with Sagepoint Financial Inc. FINRA Arbitration No. 20-04018 (January 24, 2023).
FINRA Public Disclosure shows that Londono is referenced in seven other customer initiated investment related disputes concerning Londono’s conduct while associated with securities broker dealers. On August 13, 2018, a customer initiated investment related FINRA securities arbitration claim involving Londono’s conduct was settled for $20,000.00 in damages based upon allegations that Londono made unsuitable recommendations of real estate securities, mutual funds, and direct investments during the time that Londono was associated with Sagepoint Financial Inc. FINRA Arbitration No. 18-01267.
On August 7, 2020, another customer filed an investment related complaint involving Londono’s conduct in which the customer requested $50,000.00 in damages based upon allegations that Londono made unsuitable recommendations and made misrepresentations of material fact in connection with the sale of BDCs. This complaint was denied by the securities broker dealer.
Londono was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $20,000.00 in damages based upon allegations that Londono made misrepresentations in connection with the sale of real estate securities and fixed annuities. FINRA Arbitration No. 20-03170 (August 25, 2021).
On December 14, 2021, another customer filed an investment related complaint involving Londono’s conduct in which the customer requested $300,000.00 in damages based upon allegations that Londono engaged in unauthorized trading, made misrepresentations, and made unsuitable recommendations of BDCs when Londono was associated with Sagepoint Financial Inc. The securities broker dealer denied this complaint.
Londono is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Londono made omissions of material fact and made unsuitable recommendations of direct investments. FINRA Arbitration No. 22-00776 (April 7, 2022).
On May 13, 2022, a customer initiated investment related FINRA securities arbitration claim involving Londono’s conduct was settled for $125,000.00 in damages based upon allegations that Londono made misrepresentations and unsuitable recommendations of direct investments and real estate securities. FINRA Arbitration No. 20-04103.
Londono was associated with Sagepoint Financial Inc. as a stockbroker from May 6, 2010, to September 16, 2020.
