Gary Gensler: “I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets where issuers are asking the…”

the initial public offering market would be shut down with the government

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.

The Commission has already approved the (crosstalk)....