Gary Gensler: “Proposed rules on margin shall focus on transactions between financial entities rather than those transactions that…”

It seems it is like a chia pet. It looks like a good idea for a gift until you buy it.

it will be hard for us to oversee the markets

The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.

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.