Gary Gensler: “It would be bad for the American public. We will get these rules done.”

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

Actually, sir, we follow the mandate. In 1996, Congress put in our statute that we had to do economic analysis, and we follow that.

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

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