Gary Gensler: “One year ago, the financial system failed the American public. The financial regulatory system failed the American…”

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

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.

If I can say, breaking the law and not liking the law are different than lack of clarity.