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I do like that you explained why this is the case and didn't just provide a non-answer to it. Are you lobbying to get these sorts of rules changed?

(last time the question came up: https://news.ycombinator.com/item?id=19886420 )

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It's not quite a simple as the word "lobbying" implies. But we are in active conversations with a lot of the other stakeholders on both the buy side and sell side to see if we can find ways to bring some flavor of this to the markets. But I really can't be more specific because we don't have anything concrete to report - yet.

I will say that I expect companies will also have opportunities to innovate in this area when it comes to their own stock, though I do think it will take a while as the industry is relatively conservative about things like this.

Thank you for the very useful information! Is there a place to track innovations here?

not that I'm aware of, unfortunately

Something like improved dividends after some holding period?

I happen to like that idea but as far as I know no company has tried it (yet)

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