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“And that's kind of the rationale that the agency is using…” — Cato Audio at 48:12

“And that's kind of the rationale that the agency is using to promote the rule. And I challenge both of those. I mean, if you think about where we've evolved from, and again, comparing to the status quo, you know, old boiler rooms where you were using kind of a telephone to call potential investors to sell a product…”

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