On the recordNovember 30, 2011
I think we have to tighten up something about use of money.
Source
congress.govI think we have to tighten up something about use of money.
Gensler advocates for stricter regulations on the use of customer funds.
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I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets where issuers are asking the public to buy and sell their securities.
If I can say, breaking the law and not liking the law are different than lack of clarity.
The CFTC, I love, it is a great agency, but it was set up to do the derivatives.
The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.