On the recordMarch 2, 2011
It is a risk because risk and money know no geographic boundaries or borders.
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congress.govIt is a risk because risk and money know no geographic boundaries or borders.
Gensler emphasizes the global nature of financial risk and regulation.
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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 where issuers are asking the public to buy and sell their securities.
The CFTC, I love, it is a great agency, but it was set up to do the derivatives.