Political Quotes

Gary Gensler: “A lot of the pushback is because in an opaque world, a call-around market, et cetera, you make more fees.”

On the recordSeptember 16, 2009
A lot of the pushback is because in an opaque world, a call-around market, et cetera, you make more fees.
Said by
Gary Gensler
Democratic · District of Columbia

Editor's note · Context

Gensler explains resistance to transparency due to potential loss of profits for some financial entities.

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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.

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