Dude is a moron and an attention whore.
But let’s play the game.
If freight brokers were regulated by agency like every other commodity market, it would be the CFTC, not the SEC.
The SEC is over securities, not commodities. Freight is not a security, freight is a commodity.
The CFTC actually loves organizations like FreightWaves because we make the industry more transparent, not less. I know this because they told me in multiple meetings at their DC offices in 2017.
We built our SONAR data under IOSCO principals, which requires the highest level of market transparency and encouraged by the CFTC. It meets the gold standard of regulatory scrutiny, which regulates the data indices that are used to trade trillions of dollars worth of commodities, every single day.
And for avoidance of doubt, I am one of the few people to have gone through the CFTC regulatory process to get trucking futures approved. FreightWaves is also the only company to ever launch a futures contract based on trucking spot rates.