Let me assure you, I share your view. July 20, the day before the President signed a bill, we got the 30 team leads together and I said we shouldn't over-read this statute nor under-read this statute.
Gensler emphasizes the need to adhere strictly to the Dodd-Frank statute.
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I do share your concerns that this is a field that is rife with fraud and manipulation and scams.
Chair Gensler said there were many more disclosure rules coming down the line.
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.
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