"Automation allowed high frequency trading that created the flash crash and contributed to the '08 financial crisis."
"Technology in our financial system, new technology, has done plenty of good for Americans."
"Workers have been the casualties of an inevitable march toward progress too many times before."
"With the emergence of AI, we have a responsibility to ensure this technology is used, when it is used at all, to protect consumers and savers while promoting a fair and transparent economy that works ..."
"It was 15 years ago this week that Lehman Brothers collapsed--putting us in the middle of a financial crisis because industry ran wild."
"But America's markets are the greatest in the world because we have strong investor protections--and because we have effective regulators who work to make sure we have transparent, fair, and honest ma..."
"Faced with that unfair playing field that favors entrenched, wealthy interests over hardworking Americans, the SEC has its work cut out for it."
"For far too long, our markets and financial regulators have answered to the interests of the powerful few on Wall Street."
"New technologies risk further concentrating power on Wall Street at the expense of American savers."
"Americans count on our markets to provide for their futures."
"Thank you all for your work on the PACT Act, and this is how government should operate."