I'd like to add one thing. I appreciate where your question is coming from, but I'm not sure it's the right question. I don't think it's necessarily about crafting the right sentence, although certainly penalties are important. I think it's about creating a regulatory scheme that has credible enforcement lodged in it. We need credible enforcement. The penalties certainly have to be worked out, but for things like fraud, we already have Criminal Code sanctions against that. What we need is a regulatory scheme with credible enforcement. The details, like what sanctions, can be brought in as well.
On April 9th, 2008. See this statement in context.