On the recordMarch 8, 2010
Congress should avoid any bright-line exemption that runs the risk of creating the next regulatory loophole.
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congress.govCongress should avoid any bright-line exemption that runs the risk of creating the next regulatory loophole.
Gensler warns against creating exemptions that could lead to regulatory failures.
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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.
If I can say, breaking the law and not liking the law are different than lack of clarity.
I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets.