On the recordSeptember 16, 2009
I do believe that we need to do more on this regard, that customer accounts need, if they post margin, need to be properly segregated.
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congress.govI do believe that we need to do more on this regard, that customer accounts need, if they post margin, need to be properly segregated.
Gensler emphasizes the need for better segregation of customer accounts in financial markets.
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The CFTC, I love, it is a great agency, but it was set up to do the derivatives.
The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.