Our Sponsors
____________________
Note: Comments are moderated so be sure that your responses are expressed in a respectable and friendly way. We are here to express our thoughts toward controversial issues, not to scold or defame anyone. Watch what you say, and remember that by using this site, you agree to our Terms Of Use and Privacy Policy.
Yes. Look at Madoff.
What Madoff did was already "regulated". He was convicted of a crime (fraud), which is a crime regardless of whether it's a hedge fund or a stock broker or a bank or your doctor or whoever.
What I suspect this question is supposedly asking is if we need "more regulation" of hedge funds and hedge fund managers, which your statement doesn't address by simply saying "Madoff was bad". I see no particular reason that we should have special rules for hedge funds simply because some of its agencies were fraudsters. Such things as that are already illegal and no special rules were required to call attention to it and penalize for criminal financial activities.
STS is right on this one.
A crime, by any other name, is still a crime.