Advisor Alert: Our Attorneys Are Investigating Delio Eduardo Londono For Investment Fraud
Did You Lose Money Because of Del Londono?
Filed: October 26, 2023
Del Londono (also known as Delio Eduardo Londono) currently has one (1) pending customer complaint. Overall, he has been the subject of one (1) termination event, and eight (8) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Delio Eduardo Londono.
Who Is Delio Eduardo Londono?
- Advisor Name: Delio Eduardo Londono
- Aliases: Del E Londono, Del Londono, Delio Eduardo Londono Mr.
- CRD: 2695744
- Location: La Crescenta-Montrose, California
- Current Employer: Currently Not Registered
- Previous Firms: Sagepoint Financial, Inc., Unionbanc Investment Services, LLC, and Banc Of America Investment Services, Inc.
- Number of Known Customer Complaints: 8
- Number of Known Termination Events: 1
- Can Del Londono Be Sued: Yes, in Private Arbitration
- Can Del Londono’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $800,000
- Highest Settlement: $395,000
If you have suffered investment losses by Delio Londono, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Del Londono For Broker Misconduct
As of this publication date, Delio Londono has been the subject of 1 termination event and 8 customer disputes. Let’s review them below.
In December 2021, a complaint was filed against or in reference to Delio Londono by a customer of Sagepoint Financial, Inc. alleging unauthorized transactions and issues of misrepresentation and suitability regarding various 2014 nontraded REIT and Business Development Company purchases. Per the customer, he/she lost over $300,000 because of Mr. Londono’s actions.
In December 2020, a FINRA arbitration was filed against or in reference to Delio Londono by multiple customers of Sagepoint Financial, Inc. alleging that certain investment recommendations were not in keeping with the clients’ needs and were either misrepresented or not fully disclosed to the clients. Per the customer, they lost over $250,000 because of Mr. Londono’s actions. On May 13, 2022, Mr. Londono settled the claim for $125,000, and some or all of this amount may have been paid by Mr. Londono’s employer and/or insurance carrier.
In December 2020, a FINRA arbitration was filed against or in reference to Delio Londono by multiple customers of Sagepoint Financial, Inc. alleging that certain investment recommendations were not in keeping with the clients’ needs and were either misrepresented or not fully disclosed to the clients. Per the customer, they lost over $800,000 because of Mr. Londono’s actions. On January 24, 2023, Mr. Londono settled the claim for $395,000, and some or all of this amount may have been paid by Mr. Londono’s employer and/or insurance carrier.
In October 2020, a FINRA arbitration was filed against or in reference to Delio Londono by a customer of Sagepoint Financial, Inc. alleging misrepresentations concerning certain investments and alleges the representative shared certain commissions with the client. Per the customer, he/she lost over $100,000 because of Mr. Londono’s actions. On August 25, 2021, Mr. Londono settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Londono’s employer and/or insurance carrier.
In August 2020, a complaint was filed against or in reference to Delio Londono by a customer of Sagepoint Financial, Inc. alleging that nontraded alternative investment purchases beginning in 2015 were misrepresented and unsuitable. Per the customer, he/she lost over $50,000 because of Mr. Londono’s actions.
In April 2018, a FINRA arbitration was filed against or in reference to Delio Londono by a customer of Sagepoint Financial, Inc. alleging that investments in mutual funds, REITs and direct placement were not suitable. On August 18, 2018, Mr. Londono settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Londono’s employer and/or insurance carrier.
In December 2005, a complaint was filed against or in reference to Delio Londono by a customer of Banc Of America Investment Services, Inc. The client has concerns about the interest on his position of FHLB purchased in June 2004, and feels that the product was misrepresented to him. Per the customer, he lost over $29,423.30 because of Mr. Londono’s actions.
How To File A Claim Against Del Londono (previously with Sagepoint Financial, Inc., Unionbanc Investment Services, LLC, and Banc Of America Investment Services, Inc.) To Get Your Money Back.
If you have questions about Delio Londono, Sagepoint Financial, Inc., Unionbanc Investment Services, LLC, Banc Of America Investment Services, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.