2y ago

Jon Stewart, Gary Gensler spar over SEC oversight: ‘It’s not a level playing field,’ Gensler says.

00:00 🦍 Transparency and Market Issues
- The apes uncovered issues in the market's transparency.
- Disclosure and transparency challenges revealed by apes' crowdsourcing.
- Systemic problems like outdated information and lack of disclosure highlighted.
01:02 🌐 Exploring Alternative Systems
- Discussion on finding a better system than the SEC.
- Exploration of potential partnerships between SEC and crowdsourcing.
- Calls for dreaming of a more effective financial system.
02:03 🕵️ Decentralization and Whistleblower Programs
- Senator Grassley's role in advocating decentralization via whistleblower law.
- Decentralized crowdsourcing success illustrated through whistleblower programs.
- Acknowledgment of the challenges within the existing system.
03:04 ⚖️ SEC Enforcement and Accountability
- Overview of SEC's enforcement cases and joint criminal investigations.
- Critique on the effectiveness of financial crime prosecution.
- Discussion on the need for more individual accountability and deterrents.
04:37 🛡️ Strengthening SEC Accountability
- Exploration of measures to bring more teeth to the SEC.
- Emphasis on individual accountability as a deterrent.
- The importance of high-profile cases and focus on gatekeepers for market integrity.