SEC v. BLUEPOINT INVESTMENT COUNSEL; and ET. AL, No. 3:19-cv-00809, Western District of Wisconsin (Nov. 19, 2025)
raw: We, the jury, for our special verdict, do find as follows:
We, the jury, for our special verdict, do find as follows:, No. 3:19-cv-00809 (Nov. 19, 2025)
summary
A jury found Christopher J. Nohl and Michael G. Hull liable for multiple violations of the Exchange Act, Securities Act, and Advisers Act in an SEC enforcement action.
paragraph
The jury returned guilty verdicts against Christopher J. Nohl and Michael G. Hull for violating Section 10(b) of the Exchange Act and Rule 10b-5. The defendants also faced charges under various sections of the Securities Act and the Investment Advisers Act, including Sections 17(a)(1), 17(a)(2), and 206(1). While the individuals were found liable for several counts, many of the associated corporate entities were found not liable for the primary fraud counts.
narrative
In a lawsuit filed by the U.S. Securities and Exchange Commission, a jury issued a special verdict finding Christopher J. Nohl and Michael G. Hull liable for several securities law violations. The jury found both individuals guilty of violating Section 10(b) of the Exchange Act and Rule 10b-5, as well as various provisions of the Securities Act and the Advisers Act. Specifically, the verdict included findings of liability for violations of Sections 17(a)(1), 17(a)(2), and 17(a)(3) of the Securities Act, along with Sections 206(1) and 206(2) of the Advisers Act. While the individuals faced multiple findings of liability, several affiliated entities, including Bluepoint Investment Counsel, LLC and Greenpoint Asset Management II, were found not liable for several of the primary fraud counts. The litigation involved various entities such as Chrysalis Financial, LLC and Greenpoint Tactical Income Fund, LLC. Although the verdict establishes legal liability for fraudulent schemes and deceptive practices, the document does not specify the total monetary damages awarded.
Classified investment-adviser-fraud(confidence 95%). EDGAR detection: forms ADV/ADV-E/ADV-W/Form D· recall 33% / precision 13%. detection rule →
Statutes
Parties
Ortega-EstrellaUnited States
Keywords
yesllcbluepoint investmentinvestment counselfollowing violatechristopher nohlmichael hullchrysalis financialgreenpoint assetasset managementgreenpointsecuritiesbluepointinvestmentcounsel
Extracted insights
Entities 9
- person bluepoint investment counsel
- company bluepoint investment counsel, llc
- person christopher j. nohl
- company chrysalis financial, llc
- company gp rare earth trading account, llc
- person greenpoint asset management ii
- company greenpoint tactical income fund, llc
- person michael g. hull
- agency Securities and Exchange Commission
Triples 36
- Securities And Exchange Commission Sued Bluepoint Investment Counsel
- Christopher J. Nohl Violated Section 10(b) Of The Exchange Act And Rule 10b-5
- Michael G. Hull Violated Section 10(b) Of The Exchange Act And Rule 10b-5
- Chrysalis Financial, LLC Violated Section 10(b) Of The Exchange Act And Rule 10b-5
- Greenpoint Asset Management II Violated Section 10(b) Of The Exchange Act And Rule 10b-5
- Bluepoint Investment Counsel, LLC Violated Section 10(b) Of The Exchange Act And Rule 10b-5
- Greenpoint Tactical Income Fund, LLC Violated Section 10(b) Of The Exchange Act And Rule 10b-5
- GP Rare Earth Trading Account, LLC Violated Section 10(b) Of The Exchange Act And Rule 10b-5
- Christopher J. Nohl Violated Section 17(a)(1) Of The Securities Act
- Michael G. Hull Violated Section 17(a)(1) Of The Securities Act
- Chrysalis Financial, LLC Violated Section 17(a)(1) Of The Securities Act
- Greenpoint Tactical Income Fund, LLC Violated Section 17(a)(1) Of The Securities Act
- GP Rare Earth Trading Account, LLC Violated Section 17(a)(1) Of The Securities Act
- Christopher J. Nohl Violated Section 17(a)(2) Of The Securities Act
- Michael G. Hull Violated Section 17(a)(2) Of The Securities Act
- Chrysalis Financial, LLC Violated Section 17(a)(2) Of The Securities Act
- Greenpoint Tactical Income Fund, LLC Violated Section 17(a)(2) Of The Securities Act
- GP Rare Earth Trading Account, LLC Violated Section 17(a)(2) Of The Securities Act
- Christopher J. Nohl Violated Section 17(a)(3) Of The Securities Act
- Michael G. Hull Violated Section 17(a)(3) Of The Securities Act
- Chrysalis Financial, LLC Violated Section 17(a)(3) Of The Securities Act
- Greenpoint Asset Management II Violated Section 17(a)(3) Of The Securities Act
- Bluepoint Investment Counsel, LLC Violated Section 17(a)(3) Of The Securities Act
- GP Rare Earth Trading Account, LLC Violated Section 17(a)(3) Of The Securities Act
- Christopher J. Nohl Violated Section 206(1) Of The Advisers Act
- Michael G. Hull Violated Section 206(1) Of The Advisers Act
- Chrysalis Financial, LLC Violated Section 206(1) Of The Advisers Act
- Bluepoint Investment Counsel, LLC Violated Section 206(1) Of The Advisers Act
- Christopher J. Nohl Violated Section 206(2) Of The Advisers Act
- Michael G. Hull Violated Section 206(2) Of The Advisers Act
- Chrysalis Financial, LLC Violated Section 206(2) Of The Advisers Act
- Bluepoint Investment Counsel, LLC Violated Section 206(2) Of The Advisers Act
- Christopher J. Nohl Violated Section 206(4) Of The Advisers Act
- Michael G. Hull Violated Section 206(4) Of The Advisers Act
- Chrysalis Financial, LLC Violated Section 206(4) Of The Advisers Act
- Greenpoint Asset Management II Violated Section 206(4) Of The Advisers Act
Text layers
Extracted body text (3,313c)
IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF WISCONSIN SECURITIES AND EXCHANGE COMMISSION, Plaintiff, V. BLUEPOINT INVESTMENT COUNSEL, et. al., Defendants. SPECIAL VERDICT l 9-cv-809-wmc We, the jury, for our special verdict, do find as follows: I. Question No. 1: Count Four -- Section lO(b) of the Exchange Act, and Rule lOb-5 Did the following defendants violate Section lO(b) of the Exchange Act and Rule lOb-5 thereunder? 1. Christopher J. Nohl Yes: 2. Michael G. Hull Yes: 3. Chrysalis Financial, LLC Yes: 4. Greenpoint Asset Management II Yes: 5. Bluepoint Investment Counsel, LLC Yes: 6. Greenpoint Tactical Income Fund, LLC Yes: 7. GP Rare Earth Trading Account, LLC Yes: I ✓ ✓ ✓ ( ✓ ✓ No: No: No: No: No: No: No: --- --- --- --- --- --- II. Question No. 2: Counts One, Two and Three A. Section 17(a)(l) of the Securities Act (knowingly or recklessly) Did the following defendants violate Section 17(a)(l) of the Securities Act? 1. Christopher J. Nohl 2. Michael G. Hull 3. Chrysalis Financial, LLC 4. Greenpoint Asset Management II 5. Bluepoint Investment Counsel, LLC 6. Greenpoint Tactical Income Fund, LLC 7. GP Rare Earth Trading Account, LLC Yes: / No: Yes: ✓ Yes: / Yes: / No: No: No: Yes: T No: Yes:/ No: Yes: ✓ No: --- --- --- --- --- --- B. Section 17(a)(2) of the Securities Act (knowingly, recklessly or negligently) Did the following defendants violate Section 17(a)(2) of the Securities Act? 1. Christopher J. Nohl 2. Michael G. Hull 3. Chrysalis Financial, LLC 4. Greenpoint Asset Management II 5. Bluepoint Investment Counsel, LLC 6. Greenpoint Tactical Income Fund, LLC Yes: j Yes: / Yes:✓ Yes: / Yes: / No: No: No: No: No: Yes: ✓ No: --- --- --- --- C. Section 17(a)(3) of the Securities Act (knowingly, recklessly or negligently) Did the following defendants violate Section 17(a)(3) of the Securities Act? Yes: ✓ No: --- 1. Christopher J. Nohl 2 2. Michael G. Hull Yes: ✓ No: 3. Chrysalis Financial, LLC Yes: ✓ No: 4. Greenpoint Asset Management II Yes:L No: 5. Bluepoint Investment Counsel, LLC Yes: ✓ No: Yes:T 6. Greenpoint Tactical Income Fund, LLC No: 7. GP Rare Earth Trading Account, LLC Yes: ✓ No: III. Question No. 3: Counts Five, Six,,Eight and Nine A. Section 206(1) of the Advisers Act (devise, scheme or artifice) Did the following defendants violate Section 206(1) of the Ad7isers Act? 1. Christopher J. Nohl Yes: _/ __ No: __ _ 2. Michael G. Hull Yes: I No: 3. Chrysalis Financial, LLC Yes: I No: ✓ 4. Greenpoint Asset Management II Yes: No: 5. Bluepoint Investment Counsel, LLC Yes: ✓ No: B. Section 206(2) of the Advisers Act (transaction, practice or cause of business) Did the following defendants violate Section 206(2) of the Advisers Act? 1. Christopher J. Nohl Yes: / No: __ _ 2. Michael G. Hull Yes: / No: --- Yes: / No: Yes: 7 No: --- 3. Chrysalis Financial, LLC 4. Greenpoint Asset Management II 5. Bluepoint Investment Counsel, LLC Yes: _tL'_ No: __ _ 3 IV. Question No. 4: Count Eleven -- Section 206(4) of the Advisers Act and Rule 206(4)-8 Did the following defendants violate Section 206(4) of the Advisers Act? Yes: L No: __ _ Yes: J I. Christopher J. Nohl 2. Michael G. Hull No: Yes: J No: --- --- 3. Chrysalis Financial, LLC Yes: ✓ No: --- 4. Greenpoint Asset Management II Madison, Wisconsin Dated this L day of August, 2022. 4
OCR text (3,845c · tika · 95% conf)
IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF WISCONSIN SECURITIES AND EXCHANGE COMMISSION, Plaintiff, V. BLUEPOINT INVESTMENT COUNSEL, et. al., Defendants. SPECIAL VERDICT l 9-cv-809-wmc We, the jury, for our special verdict, do find as follows: I. Question No. 1: Count Four -- Section lO(b) of the Exchange Act, and Rule lOb-5 Did the following defendants violate Section lO(b) of the Exchange Act and Rule lOb-5 thereunder? 1. Christopher J. Nohl Yes: 2. Michael G. Hull Yes: 3. Chrysalis Financial, LLC Yes: 4. Greenpoint Asset Management II Yes: 5. Bluepoint Investment Counsel, LLC Yes: 6. Greenpoint Tactical Income Fund, LLC Yes: 7. GP Rare Earth Trading Account, LLC Yes: I ✓ ✓ ✓ ( ✓ ✓ No: No: No: No: No: No: No: --- --- --- --- --- --- Case: 3:19-cv-00809-wmc Document #: 370 Filed: 08/02/22 Page 1 of 4 II. Question No. 2: Counts One, Two and Three A. Section 17(a)(l) of the Securities Act (knowingly or recklessly) Did the following defendants violate Section 17(a)(l) of the Securities Act? 1. Christopher J. Nohl 2. Michael G. Hull 3. Chrysalis Financial, LLC 4. Greenpoint Asset Management II 5. Bluepoint Investment Counsel, LLC 6. Greenpoint Tactical Income Fund, LLC 7. GP Rare Earth Trading Account, LLC Yes: / No: Yes: ✓ Yes: / Yes: / No: No: No: Yes: T No: Yes:/ No: Yes: ✓ No: --- --- --- --- --- --- B. Section 17(a)(2) of the Securities Act (knowingly, recklessly or negligently) Did the following defendants violate Section 17(a)(2) of the Securities Act? 1. Christopher J. Nohl 2. Michael G. Hull 3. Chrysalis Financial, LLC 4. Greenpoint Asset Management II 5. Bluepoint Investment Counsel, LLC 6. Greenpoint Tactical Income Fund, LLC Yes: j Yes: / Yes: ✓ Yes: / Yes: / No: No: No: No: No: Yes: ✓ No: --- --- --- --- C. Section 17(a)(3) of the Securities Act (knowingly, recklessly or negligently) Did the following defendants violate Section 17(a)(3) of the Securities Act? Yes: ✓ No: ---1. Christopher J. Nohl 2 Case: 3:19-cv-00809-wmc Document #: 370 Filed: 08/02/22 Page 2 of 4 2. Michael G. Hull Yes: ✓ No: 3. Chrysalis Financial, LLC Yes: ✓ No: 4. Greenpoint Asset Management II Yes:L No: 5. Bluepoint Investment Counsel, LLC Yes: ✓ No: Yes:T 6. Greenpoint Tactical Income Fund, LLC No: 7. GP Rare Earth Trading Account, LLC Yes: ✓ No: III. Question No. 3: Counts Five, Six,,Eight and Nine A. Section 206(1) of the Advisers Act (devise, scheme or artifice) Did the following defendants violate Section 206(1) of the Ad7isers Act? 1. Christopher J. Nohl Yes: _/ __ No: __ _ 2. Michael G. Hull Yes: I No: 3. Chrysalis Financial, LLC Yes: I No: ✓ 4. Greenpoint Asset Management II Yes: No: 5. Bluepoint Investment Counsel, LLC Yes: ✓ No: B. Section 206(2) of the Advisers Act (transaction, practice or cause of business) Did the following defendants violate Section 206(2) of the Advisers Act? 1. Christopher J. Nohl Yes: / No: __ _ 2. Michael G. Hull Yes: / No: --- Yes: / No: Yes: 7 No: --- 3. Chrysalis Financial, LLC 4. Greenpoint Asset Management II 5. Bluepoint Investment Counsel, LLC Yes: _tL'_ No: __ _ 3 Case: 3:19-cv-00809-wmc Document #: 370 Filed: 08/02/22 Page 3 of 4 IV. Question No. 4: Count Eleven -- Section 206(4) of the Advisers Act and Rule 206(4)-8 Did the following defendants violate Section 206(4) of the Advisers Act? Yes: L No: __ _ Yes: J I. Christopher J. Nohl 2. Michael G. Hull No: Yes: J No: --- --- 3. Chrysalis Financial, LLC Yes: ✓ No: ---4. Greenpoint Asset Management II Madison, Wisconsin Dated this L day of August, 2022. 4 Case: 3:19-cv-00809-wmc Document #: 370 Filed: 08/02/22 Page 4 of 4