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Jack Reed actually said...

Bank regulation is looking at the solvency of the bank. SEC regulation is looking at things like conflict of interest.

Context

Reed distinguishes between the focus of bank and SEC regulations.

11/30/2011

https://www.congress.gov...

More Jack Reed Quotes

Again, I think the one theme that seems to be consistent is that the need to regulate not just this industry but private entities.
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The whole point is that we have all talked about the need for regulation, and I think that is obvious.
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And if FTX had been a publicly traded company, would it have been required to make disclosures and attestations that we just discussed?
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Was FTX required to have a chief financial officer or disclose whether a financial expert was on the board of directors?
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View All Jack Reed Quotes

Jack Francis Reed
in office

usa, Rhode Island

3,124 Quotes

Born11/12/1949 (age 75)

PartyDemocratic

  • United States Senator

    1/7/1997 - present
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