Gary Gensler: “As a general matter, I think we all probably share a concern about bad actors, whether they be State actors or non-State…”

The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.

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.

In fact, we do need to do analysis because Congress mandated it. We have to analyze the efficiency, the competition, and the effects on capital formation.

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