On the recordJune 1, 2009
I think it's critical that we not have any gaps in regulation.
Source
congress.govI think it's critical that we not have any gaps in regulation.
Emphasizing the importance of comprehensive regulation for derivatives.
Share
More from Gary Gensler
It seems it is like a chia pet. It looks like a good idea for a gift until you buy it.
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.
The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.
The CFTC, I love, it is a great agency, but it was set up to do the derivatives.