Reed Haimson Faces Unsuitable Advice Allegations From Great Point Capital Investor

Reed Haimson [CRD: 5533993], a securities broker based in Chicago, Illinois, disclosed a client arbitration over investment losses, according to Financial Industry Regulatory Authority (FINRA) BrokerCheck disclosures. Haimson worked for Great Point Capital LLC from December 13, 2019, to May 1, 2026, and worked for Great Point Advisors LLC from May 22, 2020, to December 31, 2021. He has been registered with Quincy Wells Capital LLC since May 1, 2026, and Quincy Wells Advisors LLC since January 7, 2022. Here’s a closer look at the client’s claim.

Great Point Capital Client Raises Suitability Claims Against Reed Haimson

Specifically, on December 8, 2025, a Great Point Capital client filed FINRA Arbitration No. 25-02029 involving Reed Haimson. The dispute concerns a Delaware statutory trust (DST) purchased on February 28, 2023, for a Section 1031 exchange intended to defer taxes. The client alleged that the DST was unsuitable, that Haimson did not conduct adequate due diligence, and that he breached a contract and his fiduciary duty. As a result, the client claimed to have suffered losses on the real estate securities and sought $475,000 in compensation from Great Point Capital or Haimson. The arbitration remains pending.

What Does Breach Of Fiduciary Duty Mean For DSTs?

When fiduciary duty applies, a securities broker or financial advisor must put the client’s interests first and act with care. For a DST investment, that can mean considering whether it suits the client and reviewing its risks, fees, liquidity, leverage, concentration, tax issues, and possible conflicts of interest.

Concerned About Investment Losses Involving Reed Haimson?

Investors who believe they suffered losses involving Reed Haimson can contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney about possible recovery of their investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Haimson and the brokerage firms he worked for deny accusations of sales practice violations.