"Now, they had the authority to execute trades without prior approval."
"Is the algorithm RenTec's proprietary strategy?"
"Year after year after year, that is what they say to the SEC."
"I think we may hear that argument this morning."
"How many times did that happen?"
"More significantly, Renaissance is signing a deal with itself, and the company is such a shell that you, as an executive officer of RenTec, sign all of the papers."
"Mr. Mayers, a critical event regarding the question of who controlled the bank accounts occurred in 2009..."
"Year after year you are representing to the regulator these entities are not controlled by Barclays."
"Did the banks, either of your banks, from these tens of millions of trades that were executed every year in your accounts for the option basket and from the billions of dollars of profits earned in th..."
"Today's hearing brings those two themes together."
"We also have examined reckless behavior that has put the stability of the financial system--and by extension, the U.S. economy--at risk."