Mr. Speaker, I would like to say from the outset that I am speaking on behalf of Earl Jones' fraud victims, as there are several in my riding.
I greatly appreciated my colleague's substantial presentation. I cannot say that I agree or disagree with everything he said, but his speech certainly raised questions in my mind.
When I read the government bill, I cannot figure out why it is proposing a national regulatory system, since participation will clearly be voluntary and there is an opting-out clause, one of Quebec's historical demands. In other words, what the government is proposing is something that might exist in a scenario where Quebec would be independent, that is, one securities regulator for Quebec and one for the rest of Canada.
Why does the member oppose this government initiative, which is not a national initiative and is actually proposing what he would like to see happen if his option were to be successful?