Gary Gensler: “We need to provide the transparency and efficiency to these markets that we believe we have in our securities and…”

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.

It is rife with fraud, scams, and abuse.

The CFTC, I love, it is a great agency, but it was set up to do the derivatives.