>> Clearly they knew they had US customers and were attempting to get them. And they did, except they got overseas-registered hedge fund subsidiaries, where th

>> Clearly they knew they had US customers and were attempting to get them. And they did, except they got overseas-registered hedge fund subsidiaries, where the managers were US residents (probably living in NY/CT/FL.) We arent providing SIPC/FDIC backstopping to the customers, since it aint our jurisdiction. We arent bailing them out, so far.