Michael Capuano actually said...

I believe that fraud is fraud, and that States should be free to regulate any form of securities fraud that they see fit.

Capuano emphasizes the importance of state regulation over securities fraud.

06/12/2018

More Michael Capuano Quotes

I would just like to visit with you sometime, if that would be possible.

But you didn't protect me. I didn't have the loss. You protected the guy--

How does it protect me if some other customer loses their money and, to me, somebody else uses my money to cover their losses?

Yes, I guess at some point, somebody is going to have to explain to me how using my money protects my money.