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SEC Chairman Gary Gensler was asked some hard-hitting questions by podcast host Jon Stewart. Many of the answers centered on Gensler wanting to do the right thing, but being resource constrained. Former Daily Show host Jon Stewart asked Gensler questions about dark pools, direct share registration, naked selling, and crypto regulation. Stewart voiced frustration from retail traders who submitted questions for his podcast “The Problem With Jon Stewart”. Discussing direct share registration, Stewart asked, “Why not just register each stock purchase?” Gensler put the blame on the system already in place. “Most shares in the U.S., the majority of shares in the U.S., are held in the broker’s name,” Gensler said. Gensler said he shares the frustration of retail investors, but things move slow. “Part of it is the suite of rules that I hope we propose in the near term.” Stewart asked Gensler about payment for order flow, a controversial practice used by stockbrokers to send trades to a...

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