Gary Gensler: “I think that it is very important for the future of our economy and the welfare of the American people.”

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.

the initial public offering market would be shut down with the government

Actually, sir, we follow the mandate. In 1996, Congress put in our statute that we had to do economic analysis, and we follow that.

We only make information as a result of any investigation public if we either settle or bring charges in competent courts.