On the recordJune 3, 2009
We need to bring regulation to that marketplace.
Source
congress.govWe need to bring regulation to that marketplace.
Gensler advocates for regulation in the swaps and over-the-counter derivatives marketplace.
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The CFTC, I love, it is a great agency, but it was set up to do the derivatives.
If I can say, breaking the law and not liking the law are different than lack of clarity.
The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.
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.