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

It seems it is like a chia pet. It looks like a good idea for a gift until you buy it.

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.

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.