Gary Gensler: “Congress painted with a broad brush to protect the public against scammers and fraud and so forth.”

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

This extreme MAGA shutdown would cripple the SEC's ability to stop fraud, help businesses raise money, or finalize rules that are critical to investors.

I hope we can discuss today how undermining the SEC's mission by furloughing 90 percent of your staff will affect this country and your ability to protect our markets.

It is rife with fraud, scams, and abuse.