Gary Gensler: “One year ago at this time, the financial system failed the American public, and the financial regulatory system as well…”

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.

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.

It is rife with fraud, scams, and abuse.

The CFTC, I love, it is a great agency, but it was set up to do the derivatives.