Answer:
Pretty sure they Gased them
It is D: basis of the limited government structure throughout the Constitution.
They were not allowed to list Madoff himself in any marketing materials because he was not registered with the SEC and neither were the ones working under his orders.
He did not want to draw attention to himself because he knew what he was doing was illegal and when attention was eventually drawn, it was not his name on the line because his name wasn't listed anywhere.
Merchants of death is a common moniker for arm dealer..