Eichenwald's book on Enron gives good insight into how the SEC machine goes about figuring who to investigate. Pretty much what appears in the WSJ goes to the top of the inbox. So its fairly likely that Feingold is answering a lot of email from the regulators. Basically the SEC will look real silly if they don't have an case open on something that is being discussed in the national press.
hot money. talk about a rat race. another cliche that comes to mind is, "live by the sword, die by the sword."