Thank you, Mr. Chair.
I know, Mr. Macklem, you may not be able to answer this, but we did hear some very troubling comments from some of the smaller investors—I don't like to use that term, but some of the private investors—who told us they didn't even know what they were buying, and some of them didn't know they owned this. It's not that they bought it; they didn't know they owned it. Those, I think, were some of the most troubling comments we heard. I know there's nothing you can do about that, but those are the sorts of things that we don't want to see happen again.
This isn't the first time. One of our other witnesses, Larry Elford, talked about other instances where financial advisers really have no constraints. They could promise the moon when they know full well they can't deliver the moon.
What do we put in place? Your last line here says, “There are a number of important issues that you could usefully explore.” What do you mean by that? What can we do to make sure this doesn't happen to Canadians again?