On the recordFebruary 24, 2009
We should have fought harder for some of the things that we raised with Congress at the time.
Source
congress.govWe should have fought harder for some of the things that we raised with Congress at the time.
Gensler acknowledges the failure to advocate for necessary regulatory measures.
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I do share your concerns that this is a field that is rife with fraud and manipulation and scams.
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.
In fact, we do need to do analysis because Congress mandated it. We have to analyze the efficiency, the competition, and the effects on capital formation.