Todd Havemeister: FINRA Suspends Ex-Great Point Capital Advisor

Orlando financial advisor Todd Havemeister (CRD# 1942953) allegedly misrepresented private placement offerings, according to a recent regulatory sanction. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Great Point Capital broker is currently registered as an investment advisor with Blueskye Investment Advisors.

Mr. Havemeister’s BrokerCheck report discloses the recent FINRA disciplinary action against him. Filed in March 2024, it states that as a representative of Great Point Capital, he sent communications to prospective investors that “contained misleading, unwarranted, exaggerated, and/or promissory statements” about private placement offerings, and which allegedly “omitted explanations” of the offerings’ risks. FINRA found that in certain communications, he identified himself as an investment banker despite not holding that position. He also allegedly “drafted and circulated several communications to more than 25 retail investors within 30 calendar-day periods” about certain private placements without receiving approval from his member firm.

“Some of these communications made only positive claims about the prospects and performance of the offering but did not explain any of the risks associated with investing in a speculative, illiquid private placement,” the findings state, “while others did not provide any factual basis for included claims, did not explain how he reached his estimates, and did not disclose any of the risks of investing.” He also allegedly sent communications to prospective investors that “contained prohibited projected investment performance,” violating FINRA Rule 2210. In connection with these findings, FINRA issued Mr. Havemeister a fine of $10,000 and a five-month suspension. The suspension commenced on April 1, 2024 and will lift on August 31, 2024.

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Todd Havemeister holds 28 years of securities industry experience. Based in Orlando, Florida, he has been registered as an investment advisor with Blueskye Investment Advisors since February 2022. His registration history includes Great Point Capital, JP Turner & Company, JHS Capital Advisors, Empire Financial Group, FSC Securities Corporation, Fairchild Financial Group, Corporate Securities Group, and JW Gant & Associates. His credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Registered Options Principal Examination, or Series 4; the National Commodity Futures Examination, or Series 3; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed as an investment advisor in Florida. (Information current as of June 1, 2024.)

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