Gary Gensler: “I am committed to using notice and comment for new rules, but we still have to enforce the old guidance and old rules as…”

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.

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.

it will be hard for us to oversee the markets