On the recordApril 11, 2011
I think that markets work best when they are transparent, open, and competitive.
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congress.govI think that markets work best when they are transparent, open, and competitive.
Gensler emphasizes the importance of transparency and competition in markets.
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If I can say, breaking the law and not liking the law are different than lack of clarity.
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.
That is because--and with all respect, that is because they are choosing to try to not comply with U.S. law.
The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.