Gary Gensler: “I share your view that financial investors, index funds, contributed and participated in the asset bubble of last year.”

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 do share your concerns that this is a field that is rife with fraud and manipulation and scams.

In fact, we do need to do analysis because Congress mandated it. We have to analyze the efficiency, the competition, and the effects on capital formation.

It is rife with fraud, scams, and abuse.