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Message: In a letter received from Jim Flaherty

One of my numerous responses from letters sent was from Jim Flaherty, Canadas Minister of Finance. In his letter, he outlines that the Government of Canada AND the Provincial Governments share responsibility for securities regulation.

By referencing the " reference re securities Act", supreme court decision in Dec 2011, it states that your elected members of government are responsible and accountable for whats happening with our situation and cannot pass the buck.

As you read below, you can see that our matter infringes upon what I have bolded about where the province cannot take away the power of the federal government when it pertains to something that affects all Canadians. My friends, what is happening with us, DOES affect all Canadians, as it deals with the ludicrousy of an unconstitutional law and rights issue with respect to a democracy, within the markets, to simplify, We voted, 91% in favour of removing the current BOD, yet they are still there. This is definitely not integrity in the markets and is a federal issue also, if the securities do not act, the federal government will be compelled to.

An excerpt taken from that court decision;

http://canlii.ca/en/ca/scc/doc/2011/2011scc66/2011scc66.html

"Parliament’s power over the regulation of trade and commerce under s. 91(2) of the Constitution Act, 1867 has two branches — the power over interprovincial commerce and the general trade and commerce power. Only the general trade and commerce power is invoked by Canada in this reference. This power, while on its face broad, is necessarily circumscribed. It cannot be used in a way that denies the provincial legislatures the power to regulate local matters and industries within their boundaries. Nor can the power of the provinces to regulate property and civil rights within the provinces deprive the federal Parliament of its powers under s. 91(2) to legislate on matters of genuine national importance and scope — matters that transcend the local and concern Canada as a whole."

Legislative Authority of Parliament of Canada 91. It shall be lawful for the Queen, by and with the Advice and Consent of the Senate and House of Commons, to make Laws for the Peace, Order, and good Government of Canada, in relation to all Matters not coming within the Classes of Subjects by this Act assigned exclusively to the Legislatures of the Provinces; and for greater Certainty, but not so as to restrict the Generality of the foregoing Terms of this Section, it is hereby declared that (notwithstanding anything in this Act) the exclusive Legislative Authority of the Parliament of Canada extends to all Matters coming within the Classes of Subjects next hereinafter enumerated; that is to say,
2. The Regulation of Trade and Commerce.

All of the above is in my opinion, but with a little bit of research, I am comfortable that you will arrive at the same conclusion and interpretation.

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