Gary Gensler: “For the first time, the public is benefiting from seeing the price and volume of each swap transaction.”

It is rife with fraud, scams, and abuse.

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.

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