Having gone through a lot of challenging negotiations with the Chinese authorities over a separate matter around auditing and inspecting auditors, I share your concern because it is quite a challenge.
Gensler acknowledges the difficulties in regulating Chinese firms operating in the U.S.
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That is because--and with all respect, that is because they are choosing to try to not comply with U.S. law.
It seems it is like a chia pet. It looks like a good idea for a gift until you buy it.
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.
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.
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