Gary Gensler actually said...

I think that the system failed to protect the public on this when you look at the various incidents over the years.

I think we need to move the self-regulatory organizations and the CFTC a bit more to risk-based approach.

I think that we will never protect that there will not be somebody trying to steal or lie or cheat.

If it would be helpful, I could just submit a written statement outlining our responses to each of the instances that were noted in the pres...