Gary Gensler: “I think the American public still isn't safe on these roads until we get the transparency and get the rules of the road…”

In fact, we do need to do analysis because Congress mandated it. We have to analyze the efficiency, the competition, and the effects on capital formation.

Chair Gensler said there were many more disclosure rules coming down the line.

And I just think that is part of our great democracy.

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.