On the recordSeptember 12, 2023
As a general matter, I think we all probably share a concern about bad actors, whether they be State actors or non-State actors, that use our capital markets for nefarious means.
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congress.govAs a general matter, I think we all probably share a concern about bad actors, whether they be State actors or non-State actors, that use our capital markets for nefarious means.
Gensler expresses concern about bad actors in capital markets.
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More from Gary Gensler
We are a disclosure-based regime, and so when the investing public is anticipating profits based on the efforts of others, it is best that those others, you know, give full, fair, and truthful disclosure.
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 SEC now, though, is just about 3 percent larger than it was 7 years ago, in 2016, in terms of headcount.