Mr. Speaker, that suggestion is absolute nonsense. What we have been talking about, as recommended by the Crawford committee, is a common securities regulator in Canada, not a federal regulator and not an Ontario oriented or Toronto oriented regulator.
I say for the member opposite, look at the challenges that we have in enforcement in Canada with respect to securities, the frauds perpetrated on seniors and the frauds perpetrated on investors. I ask him seriously whether he thinks we can have enforcement that is effective without the presence of the national government.