To follow up on your question, it seems to me that the response you got about the burden of complying with FINTRAC and the FINTRAC regulations or the act seemed to be related more to getting greater clarity, and whatever, from the FINTRAC people. I represent an industry that has 123 members in it. There are 80 firms that probably have, on average, maybe 20 professional employees. These are very small securities dealers that carry the full burden of compliance with FINTRAC.
Now you say, “How do we do that?” That's a big burden on very small securities firms, regional firms across the country. The reason they can do it is that there's a lot of technology out there to enable compliance, third-party entities, vendors who provide a lot of this technology to assist in the compliance.
Yes, there are issues with FINTRAC. We don't have the same level of communication as we would like, and that's another issue. Certainly we find that we have very small members who are able to comply with those regulations.