Mr. Speaker, the NDP will be voting in support of Bill C-52 at second reading to get it to the committee. However, the government is acting after the horse is already out of the barn. The victims want restitution in these situations, but they are not going to get it. A lot of false hopes are being raised for the public.
As the Bloc member mentioned, the government shows no initiative to close down the tax havens in the Cayman Islands, where these fraudsters are hiding their money. We have to stop the fraudsters in the beginning before this happens by strengthening the regulatory bodies. We have to get rid of the industry insiders who are sitting in the regulatory seats, and we have to license the participants and properly police them.
If we do all of that, we are not going to have the problems that we are having right now.