Frank Lucas actually said...

I hope that this hearing guides Mr. Gensler and his colleagues towards a balanced approach to the regulation.

We can achieve a robust regulatory regime without imposing undue or ill-fitting regulations on businesses across the country.

I hope you will listen today to the issues that will be raised, and I urge you to respond honestly and directly.

But with that authority comes the responsibility and expectation that you will keep at the forefront the prevailing issue facing the country...