On the recordSeptember 16, 2009
We are trying to promote competition amongst exchanges and trading venues.
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congress.govWe are trying to promote competition amongst exchanges and trading venues.
Gensler explains the goal of promoting competition in clearinghouses.
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I really do think it is such a privilege to serve and the important thing we do is we look out for 330 million Americans.
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.
The CFTC, I love, it is a great agency, but it was set up to do the derivatives.
It seems it is like a chia pet. It looks like a good idea for a gift until you buy it.