Gary Gensler

I think that every day on the job I am going to be animated by working families and protecting investors as a key mandate of the agency.

I think that as the SEC did last year address proxy advisors it is within the authorities...

It is the investor community that gets to decide what is material to that.

I had the honor of working on the Senate Committee for Banking, Housing and Urban Affairs under the leadership of Senator Paul Sarbanes, a great public servant we recently lost.

I think that it is about investors making a choice as to what is significant or what is material.

That means strengthening transparency and accountability in our markets, so people can invest with confidence, and be protected from fraud and manipulation.

And above all, it means making sure our markets serve the needs of working families.

It is important to look at economically and look at whether retail investors are getting best execution.

What we have found is materiality is defined as what reasonable investors are seeking to have to make their decisions either to invest or not to invest or to vote yes or vote no.

If confirmed, I look forward to meeting with you and your staff and having a dialog on this.

I, if confirmed, look forward to working Secretary Yellen, working with all the members of the FSOC, on designations, if they are appropriate.

would you commit to making offenses against senior citizens an enforcement priority?

I think that it does bring efficiency to many pension to have proxy advisers. It's a service that helps pension funds and investors through the proxy season.

It means promoting efficiency and competition, so our markets operate with lower costs to companies and higher returns to investors.

I think then the SEC has a role to play to help bring some consistency and comparability to those guidelines.

It is an honor to appear before you.

When investors turn to financial professionals for advice and recommendations about their investments, advice that may be critical to their retirement security or their ability to fund a child's college education, they deserve advice that…

I would like to work with this committee and, of course, the whole Congress to get more resources.

Some of the newer risks, or even involving what we talked about earlier, crypto, there is some interest in funds, investing in the digital asset and crypto space.

The crypto movement... is putting some competition on central banks around the globe.

It is really about knowing all the accounts.

Some of that concentration is because it is the large exchanges, the crypto-exchanges, like Coin Base has 20 million accounts.

the CFTC needs to have additional authorities about that underlying what I would call cash crypto-market, it is 70 percent of the market.

the unregulated underlying crypto-cash market is a mess.

In the first category, the investor type that would be under the SEC.