Thank you, Mr. Chair.
I think to start I need to follow up on some comments that my colleague Mr. Mulcair made. He was focusing on tax evasion, securities fraud. We do know that Ponzi schemes often use loopholes and that investigations can be very, very challenging. I find it a little bit difficult, but perhaps I am wrong, that when you have 13 separate securities regulators and jurisdictions, it doesn't add some complexity to the investigation.
I'm just wondering if perhaps Mr. White or someone could comment on that particular issue.