Jon Stewart, Gary Gensler spar over SEC oversight: ‘It’s not a level playing field,’ Gensler says.
Jon Stewart, Gary Gensler spar over SEC oversight: ‘It’s not a level playing field,’ Gensler says.
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00:00 🦍 Transparency and Market Issues
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The apes uncovered issues in the market's transparency.
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Disclosure and transparency challenges revealed by apes' crowdsourcing.
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Systemic problems like outdated information and lack of disclosure highlighted.
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01:02 🌐 Exploring Alternative Systems
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Discussion on finding a better system than the SEC.
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Exploration of potential partnerships between SEC and crowdsourcing.
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Calls for dreaming of a more effective financial system.
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02:03 🕵️ Decentralization and Whistleblower Programs
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Senator Grassley's role in advocating decentralization via whistleblower law.
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Decentralized crowdsourcing success illustrated through whistleblower programs.
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Acknowledgment of the challenges within the existing system.
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03:04 ⚖️ SEC Enforcement and Accountability
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Overview of SEC's enforcement cases and joint criminal investigations.
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Critique on the effectiveness of financial crime prosecution.
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Discussion on the need for more individual accountability and deterrents.
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04:37 🛡️ Strengthening SEC Accountability
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Exploration of measures to bring more teeth to the SEC.
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Emphasis on individual accountability as a deterrent.
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The importance of high-profile cases and focus on gatekeepers for market integrity.
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