Gary Gensler: “That means strengthening transparency and accountability in our markets, so people can invest with confidence, and be…”

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.

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.

It seems it is like a chia pet. It looks like a good idea for a gift until you buy it.