I strongly suggest the concept is right. The approach needs to be significantly changed on those two issues, to provide flexibility, number one, and to maintain the States' ability to deal with it as they see fit.
Capuano advocates for flexibility in regulation and state autonomy.
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I am particularly opposed to this bill because in New York State, we have a powerful securities fraud law, called the Martin Act.
I am a little bit more than frustrated, to be honest with you. I am kind of angry.
You know what they used to do to guys like that when they were in a place like this? They would be carried out on a stretcher, folks.
I believe that fraud is fraud, and that States should be free to regulate any form of securities fraud that they see fit.
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