Speech (House debate)

{
    "time": "2009-02-24 12:10:00",
    "attribution": {
        "en": "Mr. Charlie Angus (Timmins\u2014James Bay, NDP)",
        "fr": ""
    },
    "content": {
        "en": "<p data-HoCid=\"1305225\" data-originallang=\"en\">Mr. Speaker, I listened with great interest to my hon. colleague on the issues of equalization, but the other part of this motion concerns the need for a securities regulator. The examples that I have heard from the Bloc today have not really explained any real commitment at the provincial levels to ensure that investors are protected against stock fraud, not that I believe for a second that the Conservatives have a very clear plan. But the issue has to be addressed. </p>\n<p data-HoCid=\"1305226\" data-originallang=\"en\">We have to look no further than the issue of Bre-X, which I brought up earlier. This stock fraud was set up on one of the smaller stock exchanges in Calgary. It moved onto the TSX. Six billion dollars in investments were defrauded through Bre-X and at the end of the day, the RCMP shrugged and said it could not launch an investigation. de Guzman jumped, was pushed or took a parachute to freedom. Walsh took off to the Bahamas and then later died. Felderhof, who was the chief geologist, was finally charged with insider trading. He was the guy who was seeing the gold samples and yet the Ontario securities regulator could not bring any charges and convict him. At no provincial level were the investors protected. How will the investors be protected in a time of economic uncertainty if we just maintain this patchwork of services?</p>",
        "fr": "<p data-HoCid=\"1305225\" data-originallang=\"en\">Monsieur le Pr\u00e9sident, c'est avec grand int\u00e9r\u00eat que j'ai \u00e9cout\u00e9 ce qu'a dit ma coll\u00e8gue au sujet de la p\u00e9r\u00e9quation, mais l'autre volet de la pr\u00e9sente motion a trait \u00e0 la n\u00e9cessit\u00e9 d'un organisme de r\u00e9glementation des valeurs mobili\u00e8res. Les exemples cit\u00e9s par le Bloc aujourd'hui n'ont pas vraiment montr\u00e9 l'existence d'une r\u00e9elle volont\u00e9 des provinces de veiller \u00e0 prot\u00e9ger les investisseurs de la fraude boursi\u00e8re, m\u00eame si je ne suis pas du tout convaincu que les conservateurs ont un plan bien arr\u00eat\u00e9 \u00e0 cet \u00e9gard. Quoi qu'il en soit, il faut aborder la question.</p>\n<p data-HoCid=\"1305226\" data-originallang=\"en\">Il suffit de se pencher sur le cas de Bre-X, dont j'ai parl\u00e9 plus t\u00f4t. Cette fraude boursi\u00e8re a \u00e9t\u00e9 lanc\u00e9e sur l'une des petites bourses de Calgary. Puis, elle est pass\u00e9e \u00e0 la bourse de Toronto. La fraude op\u00e9r\u00e9e par le truchement de Bre-X a port\u00e9 sur 6 milliards de dollars d'investissements mais, en fin de compte, la GRC a simplement hauss\u00e9 les \u00e9paules et d\u00e9clar\u00e9 qu'elle ne pouvait lancer une enqu\u00eate. M. de Guzman a saut\u00e9, a \u00e9t\u00e9 pouss\u00e9 ou s'est parachut\u00e9 vers la libert\u00e9. M. Walsh est parti aux Bahamas et est d\u00e9c\u00e9d\u00e9 par la suite. M. Felderhof, le g\u00e9ologue en chef, a finalement \u00e9t\u00e9 accus\u00e9 de d\u00e9lit d'initi\u00e9. C'est lui qui \u00e9valuait les \u00e9chantillons d'or et, pourtant, la Commission des valeurs mobili\u00e8res de l'Ontario n'a pas \u00e9t\u00e9 en mesure de porter des accusations et de le faire condamner. Les investisseurs n'\u00e9taient nullement prot\u00e9g\u00e9s au niveau provincial. Comment donc assurer la protection des investisseurs en p\u00e9riode d'incertitude \u00e9conomique si nous nous en tenons au syst\u00e8me disparate qui existe \u00e0 l'heure actuelle?</p>"
    },
    "url": "/debates/2009/2/24/charlie-angus-4/",
    "politician_url": "/politicians/charlie-angus/",
    "politician_membership_url": "/politicians/memberships/1434/",
    "procedural": false,
    "source_id": "2613264",
    "h1": {
        "en": "Government Orders",
        "fr": ""
    },
    "h2": {
        "en": "Business of Supply",
        "fr": ""
    },
    "h3": {
        "en": "Opposition Motion\u2014Securities Commission and Equalization",
        "fr": ""
    },
    "document_url": "/debates/2009/2/24/",
    "related": {
        "document_speeches_url": "/speeches/?document=%2Fdebates%2F2009%2F2%2F24%2F"
    }
}