I have a small order and a big one. I'll start with the small one.
There was a tax change made in 2008 that inadvertently hurt small western investment dealers. It was a tax change that made a great deal of sense, which was to tax traditional warrants as income, even though it hadn't actually materialized.
There is something called “broker warrants” out west, which are usually used instead of cash for some of our smaller western members to invest in new opportunities. Instead of paying 100% cash for underwriting fees, you would take broker warrants and join in or participate in the potential growth.
We don't think this costs a lot. It was inadvertent—we know that from having talked with Finance—but it takes a lot of time to reverse something.
The other one, which I mentioned before, was flow-through shares. We think that directing them at new types of industries, biotech and so on, is a great area, both for driving jobs but also for potentially getting our industries out of energy and financial institutions only and into new areas that could help growth more generally.
There are a number of other areas—