Mr. Speaker, one thing is clear. In the world of capital markets regulation, there are more and more complex products being sold or sought to be sold to investors.
We know that investors and ordinary Canadians need protection in Canada and they need better protection than is provided by 13 separate regulators with 13 separate sets of rules. That is one of the reasons that we are proposing a Canadian securities regulator.
Members should look at the Earl Jones situation in Quebec and listen to what Joey Davis said. He said, “We support the idea of a single national regulatory body overseeing financial organizations....”