Madam Speaker, I thank the hon. Bloc member for his question. I completely agree.
I will do this in English because it is so complex. The Norbourg scandal that resulted in Quebec's top financial regulator laying 51 security charges against Vincent Lacroix, founder of the investment fund company that bilked over 9,000 people, is a good example of why we need so much more to be done in this field.
The people who were defrauded by Norbourg were luckier than most Canadians. At least they saw some charges laid, but the role of the regulator in this scandal is also being examined. The role of l'Autorité des marchés financiers is part of an ongoing class action suit. Investors are claiming the regulator failed to stop the fraud.
What we are saying today is that it is time for a federal government that takes seriously these issues, that works with the provinces and not against the provinces, and tries to put in place a system with teeth, with legal and judicial changes that are absolutely necessary to effect the kind of change that my colleague is asking for.