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 complaint filed on December 14, 2021, in which the customer requested $300,000.00 in damages based upon allegations that Londono engaged in unauthorized trading, made misrepresentations of material fact, and made unsuitable investment recommendations of non-traded Real Estate Investment Trusts (“REITs“) and Business Development Companies (“BDCs”).
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Londono is referenced in seven customer initiated investment related disputes concerning Londono’s conduct while associated with securities broker dealers, including Sagepoint Financial Inc. On August 7, 2020, a customer filed an investment related complaint involving Londono’s conduct in which the customer requested $350,000.00 in damages based upon allegations that Londono made misrepresentations of material fact and made unsuitable recommendations of Global impact Funds and BDCs.
On April 14, 2022, a customer filed an investment related FINRA securities arbitration claim involving Londono’s conduct in which the customer requested $250,000.00 in damages based upon allegations that Londono made unsuitable recommendations and made omissions regarding REITs. FINRA Arbitration No. 22-00776.
Londono is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $125,000.00 in damages based upon allegations that Londono made unsuitable recommendations and made misrepresentations in connection with the sale of direct investments and real estate securities. FINRA Arbitration No. 20-04103 (May 13, 2022).
On January 24, 2023, a customer initiated investment related FINRA securities arbitration claim involving Londono’s conduct was settled for $395,000.00 in damages based upon allegations that Londono made misrepresentations and made unsuitable recommendations of real estate securities and direct investments. FINRA Arbitration No. 20-04018.
Londono is 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 unsuitable recommendations of direct investments, mutual funds, and REITs. FINRA Arbitration No. 18-01267 (August 13, 2018).
On August 25, 2021, a different 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 misrepresentations in connection with the sale of real estate securities and annuities. FINRA Arbitration No. 20-03170.
Londono was permitted to resign by Advisor Group on August 8, 2020, based upon allegations that Londono failed to repay customer funds from some undisclosed investment. Londono was associated with Sagepoint Financial Inc. in La Crescenta, California, as a stockbroker from May 6, 2010, to September 16, 2020.
