SEC v. Bluepoint Investment Counsel, LLC

Bluepoint Investment Counsel LLC, Michael G. Hull, Christopher J. Nohl, Greenpoint Asset Management II LLC, Chrysalis Financial LLC, Greenpoint Tactical Income Fund LLC, and Greenpoint Rare Earth Trading Account LLC allegedly committed securities fraud in connection with their operation and promotion of the Greenpoint Tactical Income Fund, according to the SEC. The fund claimed fraudulently inflated returns on its investments in an illiquid portfolio of gems, minerals, and private equity, according to the SEC.

Summary generated from official Securities and Exchange Commission press release