I understand the case of Earl Jones. I would say in the case of Earl Jones, and I go back to the point I made originally.... As I understand the facts, this was an individual who was operating completely outside the regulatory system based on a system of personal trust, which he broke. We have a very sophisticated—and it could be better if we had a single regulator—system of regulation that could address situations like that. It could be made better, and I hope it will be.
On October 18th, 2011. See this statement in context.