Thank you, Mr. Chair.
Thank you, Mr. Logan and Mr. Cunningham.
I have met you before, Mr. Cunningham. I mention that so that people know why I am going to ask you questions.
I would like to know one thing, specifically from you, Mr. Logan. I read your brief and I listened to you carefully. I have met you before as we have studied other matters and I followed what you said about the system by which the police would get involved.
You know what happened in Quebec. Norbourg was licensed by the government.The product Norbourg sold came from the Caisse de dépôt et placement du Québec, another government agency. Among the people who were supposed to be investigated, there was someone called Éric Asselin, who was an investigator at AMF, the Autorité des marchés financiers—the former Commission des valeurs mobilières—and who was working as a vice-president at Norbourg.
Then there is the Earl Jones case. He did not have a licence, but he was handling money, and banks were opening trust accounts for him, for goodness' sake.
Mr. Cunningham's question is relevant. Do you see any possibility of restitution in the legislation? You mentioned finding a way to get people's money back. The companies employing those people included Norbourg and the Caisse de dépôt et placement. Those are big companies. Some have been compensated because they had insurance or licences. Others have not been. Others have gone bankrupt and have been discharged of all their debts.
How do you see the bill in terms of seniors who have lost all their money? You seem to be saying that things like mandatory minimum sentences are deterrents, but I would like you to be a little more precise.
I have given you an example where the government was involved from beginning to end. How do we solve that problem? We are not talking about any Tom, Dick or Harry anymore. In Quebec, everything came from the government, from the inside people to the last ones involved,
How do you want us to go about it? Do you want a body that reports provincially? I assure you that it will not be very strong. Do you want it to be federal? Maybe that is possible. How do you see it?