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SEC fines Wisconsin investment fund managers over $27m

Front view of the US Securities and Exchange Commission (SEC) headquarters in Washington, DC,
Photo: hapabapa/Getty Images

A jury verdict found the two managers and their associated businesses liable for securities fraud.

According to a release issued November 19, 2025, the SEC has successfully fined the two managers of a Wisconsin-based investment fund and its related entities to pay over $27m in total monetary relief.

The SEC claimed that Michael G Hull and Christopher J Nohl of Greenpoint Asset Management II LLC, Chrysalis Financial