Paul Atkins

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.

is to encourage foreign companies to list here in the United States, because then Americans can buy these shares, you know, under American law and with American protections of disclosure and all of that, which I think is valuable rather than why I'm abroad.

And then you have to worry about, you can receive your dividends.

How am I gonna, you know, change, you know, whatever our road to dollars or whatever it may be.

But over time we've seen in particular, as I mentioned with the Chinese companies,

That if they're not being regulated in their home country, then these foreign companies that are listed in the United States have particular exemptions.

They don't have to comply with all the rules that American companies do because we had a concept of substituting compliance.

It's regulating, and so this is a convenience for Americans.

But if the Chinese companies now, they're listed in the United States, they should be under American regulation.

But because of this kind of loophole in our laws are not subject to that, we give them exemption from that.

That's what we're looking at.

And so we've noticed over time that some of these shares, especially if they're penny stocks, that they're subject to what we call ramp and dump.

So over time, we watch the price go up without any