Gary Gensler: “The current economic crisis clearly has shown that our financial and regulatory systems have failed the American people…”

It is rife with fraud, scams, and abuse.

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.

If I can say, breaking the law and not liking the law are different than lack of clarity.

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