Gary Gensler: “It means promoting efficiency and competition, so our markets operate with lower costs to companies and higher returns…”

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

No. The answer is, no.

The SEC is very much implementing the priorities that I and my Democratic colleagues championed when we were in charge.