Gary Gensler: “I think that the CFTC has over many years developed a skill set and has a mission to oversee the derivatives…”

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

The Commission has already approved the (crosstalk)....

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