Gary Gensler: “I believe, Mr. Chairman, that anything that a clearinghouse would accept for clearing under prudent risk reduction…”

Chair Gensler said there were many more disclosure rules coming down the line.

The CFTC, I love, it is a great agency, but it was set up to do the derivatives.

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.