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.
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congress.govA lot of the pushback is because in an opaque world, a call-around market, et cetera, you make more fees.
Gensler explains resistance to transparency due to potential loss of profits for some financial entities.
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I really strongly believe in our constitutional system do it by the law, and how the courts interpret the law.
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.