Yeah, like the Americans with Madoff? Who "did not run a hedge fund but provided services to hedge funds"? The SEC had also data provided from professionals th

Yeah, like the Americans with Madoff? Who "did not run a hedge fund but provided services to hedge funds"? The SEC had also data provided from professionals that Madoff is either fraud or a ponzi and always ignored it. The sentence above was enough that they did not further investigate him.