Gary Gensler: “Technology is just a tool.”

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

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

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.

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