Gary Gensler: “So we believe we have to bring regulation to the entire marketplace, including these tailored products.”

It seems it is like a chia pet. It looks like a good idea for a gift until you buy it.

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.

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.

And I just think that is part of our great democracy.