Delio Eduardo Londono, Formerly with Sagepoint Financial, Named in Customer Disputes Alleging Unsuitable Investment Recommendations and Unsuitable Trading

INVESTORS: Former Sagepoint Financial broker Delio Eduardo Londono was named in multiple customer disputes following allegations of selling unsuitable investment recommendations and unsuitable trading.

Delio Eduardo Londono (CRD: 2695744) was registered as a broker with Sagepoint Financial from 2010 until 2020. Londono was previously registered as a broker with UnionBanc Investment Services from 2008 until 2010.

Londono has nine disclosures on his BrokerCheck report. Three customer disputes were denied. 

April 2022 Customer Dispute

Status: Pending

Allegations: 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.

Damage Amount Requested: $250,000.00

December 2020 Customer Dispute

Status: Settled

Allegations: 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.

Damage Amount Requested: $250,000.00

Settlement Amount: $125,000.00

December 2020 Customer Dispute

Status: Settled

Allegations: 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.

Damage Amount Requested: $800,000.00

Settlement Amount: $395,000.00

October 2020 Customer Dispute

Status: Settled

Allegations: The client alleged misrepresentations concerning certain investments and alleges the representatives shared certain commissions with the client.

Damage Amount Requested: $100,000.00

Settlement Amount: $20,000.00

September 2020 Employment Separation After Allegations

Firm Name: Advisor Group

Termination Type: Voluntary Resignation

Allegations: Client contends that representative return certain funds to client after investment without knowledge of the firm.

March 2022 Customer Dispute

Status: Pending

Allegations: Client alleges investments in mutual funds, REITs and direct placement were not suitable.

Settlement Amount: $20,000.00

The Sonn Law Group is currently investigating allegations surrounding Delio Eduardo Londono. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.