Finance committee  Thank you. My name is Larry Elford. I worked in the financial industry for 20 years. I'm from Lethbridge, Alberta. While I was working, I earned the designations of chartered financial planner, certified investment manager, and fellow of the Canadian Securities Institute, as wel

Finance committee  Yes, I can. Thank you very much. Number one, end self-regulation. Most societies have discovered that allowing foxes to guard the henhouses is inappropriate. I read in the newspaper yesterday that consumer protection laws being enacted in Quebec will provide great consumer prote

Finance committee  What is needed is a single regulator that has a mandate to protect consumers, without the dual mandate of trying to deal with both sides of the issue. There is no consumer protection agency in Canada of any kind that I'm aware of that has a single mandate to protect consumers. Th

Finance committee  I truly hope for a single securities regulator. I've dealt with the securities commissions across the country for 20 years. They are dysfunctional at best, and at worst, they are complicit in the granting of legal exemptions to industry agencies. If this gentleman makes a compl

Finance committee  Absolutely. There should be proceeds of crime legislation that causes people to be responsible for their actions, fraudulent or otherwise. Robert is asking for compensation funds and those kinds of things, and I somewhat agree, but I don't think the government should simply bail

Finance committee  Thank you. I think he had two questions, one being whether we should meet again before the 25th. Personally, I have a full-time job to go to, so I wouldn't be able to do so, but thank you for the invitation. I would love to come back, however, if this committee or this governmen

Finance committee  I worked for 20 years in the financial business as a retail adviser. I left and retired in 2004, after deciding that the ethics and the codes of conduct of my industry did not meet the promises made. I now fly a helicopter over the Columbia Icefield. So I probably have a dream jo

Finance committee  Correct.

Finance committee  I would cite Richard Nixon and say that the same people who created this problem cannot be relied to solve it.

Justice committee  Thank you. Ladies and gentlemen, I'm here to tell you how to commit the perfect crime, perhaps with the help of Bill C-52. Let's call it “How to Steal Billions in Six Minutes and Never Be Caught”. If I were to rob a financial institution in Canada, I am subject to the penalti

Justice committee  Yes?

Justice committee  That's no problem.

Justice committee  Thank you, Mr. Chairman. I was saying that I'm here to tell you how to commit the perfect crime, possibly with the help of Bill C-52. I mentioned the Criminal Code of Canada and the fact that if I were to rob a financial institution, the Criminal Code would probably apply to me

Finance committee  Thank you very much, sir. I'm grateful to this committee for allowing the opportunity for my voice to be heard. I began working in the financial industry in Canada in 1984. By the 1990s, most of the investment firms in Canada had been purchased by the big banks. I worked inside

Finance committee  I'll speed it up. I'll sum up with a quote from David Dodge, the former governor of the Bank of Canada in 2005, who suggested that there is a perception in international financial circles that Canadian markets are the “Wild West”, and that it hurts Canadian companies when they t