Gary Gensler actually said...

The evidence points to the owner, Russ Wasendorf, taking the funds of customers right out of the bank and lying about it for years.

Addressing the fraudulent actions of Russ Wasendorf regarding customer funds.

07/31/2012

More Gary Gensler Quotes

But, at some point, people also have to put in perspective that the public out there just feels completely unprotected still, since 2008.

I think it is our responsibility, each of us, to make sure taxpayers do not stand behind any financial institution, not clearinghouses.

I think that is right. We will complete the rulewriting process. It will be thoughtful.

We do believe that we have sufficient legal authority.