Gary Gensler: “I think we need to move the self-regulatory organizations and the CFTC a bit more to risk-based approach.”

I hope we can discuss today how undermining the SEC's mission by furloughing 90 percent of your staff will affect this country and your ability to protect our markets.

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.

It is rife with fraud, scams, and abuse.

I really do think it is such a privilege to serve and the important thing we do is we look out for 330 million Americans.