# @benzinga on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/CjoS3hcKwvF
- **Gondola URL:** https://gondola.cc/posts/21841045-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/41eca3811c.jpg
- **Posted:** 2022-10-12T22:00:14.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

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 market maker for execution in exchange for payment. Stewart asked Gensler if this was a conflict of interest.

“It is a conflict,” Gensler answered.

Gensler also admitted that when it comes to the stock market, “it’s not a level playing field.”

Stewart asked Gensler why the SEC can’t ban payment for order flow if it is a conflict.

Gensler again pointed to being resource-constrained and not being able to target some of the guilty parties in this case.

“The frustration isn’t what you’re doing, it’s what you’re not doing,” Stewart said.

Stewart noted that Gensler and the SEC are frustrating to retail investors because they’re going after people like Kim Kardashian instead of big financial institutions.

“We’re holding people like Ms. Kardashian accountable,” Gensler said.

Stewart argued that the SEC should be doing more to make the market less dangerous, instead of making videos showing that meme stock investors need to do more research.

“I believe we’re trying to do both,” Gensler added. “We’re doing both and all of the above within our resources.”
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#money #sec #business #stockmarket #entrepreneur #investing #trading #crypto #cryptocurrencies #memestocks

## Stats

- **Views:** 6,435
- **Likes:** 125
- **Shares:** 0
- **Comments:** 5

## Tags

sec, money, trading, stockmarket, cryptocurrencies, business, entrepreneur, memestocks, crypto, investing

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