Gary Gensler said...

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

That is because--and with all respect, that is because they are choosing to try to not comply with U.S. law.

Thus, I just want to--the testimony that I submitted for the record is the full President's budget request.

I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets.