Paul Atkins

And so and then so that's what the cost of it is lawyers and accountants and everything else to go over disclosures that have just grown over time.

But then you're talking about the actual time to market, which is very important, obviously.

But basically, we're still living in a paper world from the 1930s and 40s with our rulebook, and it's time to make it fit for purpose for the 21st century.

Well, I mean, Hamilton basically stood for the power of free markets and individual liberty and choice, you know, as to pursuing what the Constitution, the Declaration of Independence were talking about.

And that's the

the protection of private property, the pursuit of livelihood.

And as

they use the term happiness, which is not necessarily, you know, let's skip down the street and, you know, and be happy and whistle.

But it was a concept of, you know, proper balance, you know, and to find that proper balance is what the Constitution guarantees.

So anyway, so that's what Hamilton was focused on.

And I think he was correct.

And so that and, you know, Ludwig von Mises also, you know, has talked about,

the importance of free enterprise and individual liberty to make your choices and to pursue what your goals are.

Yeah.

Well, I mean, obviously they have a generally a different system than we, uh, so that's one issue that obviously the SEC will never change.

Um, but at the same time, we have, uh, seen over the years, a real change of the, the type of companies that are being listed here in our markets, uh, from, uh, you know, East Asia in particular.

And so in particular China, where, um,

A company may have operations or management or whatever based in China, and then they are incorporated maybe in the Caribbean on Barbuda or different islands down there, Cayman Islands.

And then their primary listing is here in the United States on NASDAQ.

And over the years, I think it's great what SEC has done over the last 40, 50 years.