Ron Johnson

We do not want to see a void there in Romania. It is important that we do not do that.

We take the corruption very seriously, not only as a matter of economics or of moral principle, but as a matter of national security.

I think we were both concerned that we do not have an ambassador for Romania.

I think our sense of the countries we visited was they have probably made the most progress in terms of limiting corruption.

What has this administration specifically done to help Ukraine militarily as they are trying to grapple with their security situation?

So successful bordering countries threaten his power, threaten his control.

What a concept, go to the real experts.

Just a quick comment. Again, as an individual investor, the way I evaluate best execution is I put in an order for $20, I got it for $20.

I want to get back to the overall dollar value of these maker and taker arrangements.

I think the way that it is recorded in the press, I think it really is.

I am concerned by throwing out those types of terms and making it seem like everybody is in this business and they are just really trying to stick it to the individual retail investor.

So when you are talking about 25 percent of trades not being executed--is that in all the institutional, the very high volume, or is that really individuals like myself that say--I want to buy that hundred shares of stock, I will pay any…

But I always have been able to trade.

What I want is an example of a trade, so we can really put this all in perspective.

I have been pleased with the transparency within the investment banking community during my lifetime.

I have a little more time here, so I do want to go back and really explore exactly what is happening and exactly what type of harm could be happening.

So I did see TD Ameritrade revealed how much they are making on these maker and taker, this order flow fee, something like $200 million.

What we are here to speak to is the poor investor, not like you, that wanted to buy at $10 and did not get to because the market moved away and the broker chose to route--make sure that--so the broker routed the order.

So we are talking about on a $2,000 trade that is a conflict of interest, a broker is going to push a trade into a maker-taker arrangement where he gets 30 cents.

How much additional money could it cost the consumer if there is a conflict of interest?

I have made a decision that this company is worth $20 a share.

The best way to ensure confidence and to ensure best price, is through maximum competition and transparency in the marketplace.

What is happening in terms of trading is highly complex.

Those platforms exist, those competitors--the marketplace, the free market competitive system have already provided that investing model with that level of transparency.

It does not bother me that people make money. They need to make money to provide different products and services.