Our purpose, as we face these challenges, remains clear - fair and orderly markets that allow for efficient capital formation, while protecting the interests of investors.
Sentiment: POSITIVE
We would like a stable policy framework, and whatever incentives and tax structures are there should be made known to investors upfront. There should be credibility, clarity and continuity in both policy formulation and its implementation.
An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.
Too often, investors are the target of fraudulent schemes disguised as investment opportunities. As you know, if the balance is tipped to the point where investors are not confident that there are appropriate protections, investors will lose confidence in our markets, and capital formation will ultimately be made more difficult and expensive.
As a whole, investors should welcome attempts to safeguard the integrity of markets. You need very clear rules applied to markets.
I don't want to drive the markets crazy. I don't want to create trouble, but rather order and rules and norms. We have to struggle against financial excesses, those who speculate with sovereign debt, those who develop financial products which have done so much harm.
It is incumbent on us to facilitate the development of a market structure that best assures that these changes benefit the U.S. securities markets as a whole.
But we have to ask ourselves, what's the purpose of the stock market? It's supposed to be a source of capital for growing business. It's lost that purpose.
We will as soon as possible reexamine our laws and policies and eliminate all obstacles to genuine investment.
What we want is to establish the rules of a market economy - not to plan its outcome.
Respect public investors and treat them as partners and important constituents.
No opposing quotes found.