What are the practice points that we learn in this sort of brief webinar? One is I will tell you if you're a compliance person follow the money, that's the easiest thing, or follow the benefit. Why is someone doing what they're doing? Are they receiving, are they paying, is it properly disclosed? That's what the SEC does in exams is they follow the money. Two, you might think you can disclose your way out of revenue sharing practices, pay to play very often you can't. Depending on the nature of the revenue sharing and some of the cases I referenced without a significant structural change just saying, yes I'm disclosing I have a massive conflict of interest to use certain funds, because they pay me more is probably not going to get you out of the problem. There are certain problems that the SEC will not let you disclose your way out of. Don't forget to collect those solicitation disclosures. If you're doing separate account business, and you're paying a third party solicitor the SEC will look for those disclosures during an exam. Think about the regulatory registration requirements of the solicitors themselves, are they a broker/dealer, are they an advisor, and could you be held as aiding and abetting their regulatory violations?