Gary Gensler actually said...

Transparency leads to lower cost, lower bid spreads. It does shift the information advantage away from Wall Street.

Congress should avoid any bright-line exemption that runs the risk of creating the next regulatory loophole.

History demonstrates that bright-line statutory exemptions or exclusions granted at one point in time can have unintended consequences.

[w]e now face a new set of challenges as the nation continues to recover from last year's failure of the financial system and the financial ...