Switch to ADA Accessible Theme
Miami Investment Fraud Attorney
2655 South Le Jeune Road
Suite 1108
Coral Gables, FL 33134

FINRA Suspends Securities Broker from Florida for Five Months for Violations Regarding Private Placements

Todd Arnold Havemeister (CRD #1942953) is a registered investment adviser. From August of 2018 to May of 2022, Mr. Havemeister was a representative of Great Point Capital, LLC in Melbourne, Florida. In 2022, he was permitted to resign from that brokerage after allegedly misrepresenting himself in retail communications.

Notably, the Financial Industry Regulatory Authority (FINRA) took enforcement action against this broker. Mr. Havemeister was fined $10,000 and suspended for five months for violations related to private placement investments. Here, our Miami private placement securities losses attorney provides an overview of the enforcement action.

Suspended Broker: Todd Arnold Havemeister Formerly of Great Point Capital, LLC 

After broker Todd Arnold Havemeister was permitted to resign from Great Point Capital, LLC, FINRA launched its own investigation into potential securities violations. Upon review, the regulatory body determined that Mr. Havemeister sent a number of different communications to potential investors related to private placement investment opportunities. In doing so, FINRA determined that this Florida broker violated the industry requirements set forth by Rule 2210(D). That FINRA regulation set strict content rules for private placement solicitations.

More specifically, FINRA determined that the representations made within these communications to investors were “misleading, unwarranted, exaggerated, and omitted explanations of the risks of the offerings.” As such, the communications did not meet the regulatory standard of providing a fair and balanced presentation of an investment opportunity to investors. FINRA determined that more than two dozen retail investors received the violative communications within a 30 day period.

 Understanding Private Placement Investments 

What is a private placement investment? Broadly defined, a private placement is a financial offering that is not available on public markets. Most often, it is an opportunity that is aimed at a select group of investors—typically an institutional investor or a qualified investor. As these investments are not traditional public offerings, they bypass many of the regulatory requirements of public securities. While private placements can offer unique opportunities, they carry higher risks. FINRA regulations require securities brokers to follow certain rules when touting private placements, including ensuring that they are reasonably suitable for their investors.

 Broker Sanctions: Fine and Suspension 

Without admitting to or denying any of the specific allegations raised by the agency, former Great Point Capital, LLC broker Todd Arnold Havemeister consented to the proposed penalties from FINRA. Mr. Havemeister has agreed to pay a $10,000 fine. Additionally, he consented to a five month suspension from the securities industry. As stated by FINRA’s BrokerCheck tool, the suspension is set to last until August 31st, 2024.

 Contact Our Florida Private Placement Broker Negligence Attorney Today

At ​Carlson & Associates, P.A., our Florida investment fraud lawyers have the skills and experience to handle cases involving private placement investments. If you or your loved one suffered investment losses in a private placement, please do not hesitate to contact our firm today to set up a confidential initial consultation with a securities law attorney.



  • Super Lawyers
  • AV Preeminent
  • Million Dollar Advocates Forum
  • Judicial Edition 2021
  • Curtis Carlson 25th Anniversary
  • Curtis Carlson Judicial Edition 2022
  • Curtis Carlson Judicial Edition 2023
  • 2023 Judicial Edition Curtis Carlson
  • 2023 Martindale Hubbell Award Curtis Carlson
  • 2023 Lawyers.com Curtis Carlson
  • 2024 Martindale Hubbell Award Curtis Carlson
  • 2024 Martindale Hubbell Award Curtis Carlson
  • 2024 Martindale Hubbell Award Curtis Carlson


2655 South Le Jeune Road
Suite 1108

Coral Gables, Florida 33134

Telephone: 305-372-9700
Fax: 305-372-8265

With Us

  • Facebook
  • Twitter
  • LinkedIn

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

No content on this site may be reused in any fashion without written permission from www.Carlson-Law.net

MileMark Media - Practice Growth Solutions

© 2015 - 2024 Carlson & Associates, P.A. All rights reserved. This law firm website is managed by MileMark Media.