Gary Gensler: “All of us that were involved at the time--and certainly myself--should have done more to protect the American public…”

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.

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

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

The CFTC, I love, it is a great agency, but it was set up to do the derivatives.