Gary Gensler: “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.

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 do share your concerns that this is a field that is rife with fraud and manipulation and scams.

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