Gary Gensler actually said...

I believe the system failed to protect Peregrine's customers here and that we all must do better, including the CFTC.

Customers should have been able to rely on a system of protection that protects them at all times.

I think that we will never protect that there will not be somebody trying to steal or lie or cheat.

If it would be helpful, I could just submit a written statement outlining our responses to each of the instances that were noted in the pres...