Tom Cotton actually said...

"Although commonly perceived as a self-regulator, FINRA is not accountable to the industry in the way a self-regulator would be."

"Over the last 7 years, in many industries, to include the financial services industry, we have seen considerable consolidation."

"It seems that it is kind of in this neither fish nor fowl category now with its relationship to the SEC."

"Maybe our society should pay them the respect they deserve then and honor their service and not attach any stigma to what they do since they are keeping us safe in our beds at night."