A Letter to the SEC

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I wanted to address an issue that came up yesterday about a footnote in Canadian political history that I occupy.

Yesterday news came that an NDP press release from December 2005 regarding the letter dated December 18, 2005 that Judy Wasylycia-Leis and I wrote asking the Securities Exchange Commission (SEC) to investigate an unusual pattern of stock and income trust trading was making the rounds with delegates.

http://www.marketwire.com/press-release/wasylycia-leis-and-summerville-ask-for-investigation-572558.htm

The facts are that there was a leak and there was criminal conviction.

http://www2.canada.com/ottawacitizen/news/city/story.html?id=a9423bad-99ab-46ad-abe2-35dcf3706241

However, the announcement by the RCMP to conduct a criminal investigation ''regarding a possible breach of security or illegal transfer of information in advance of the federal government's announcement of changes to the taxation of Canadian corporate dividends and income trusts Nov. 23, 2005” that was announced on December 29, 2005 had nothing to do me, and was not the intent of the letter.

http://www.canada.com/vancouversun/story.html?id=17a25375-a1c8-4219-bedd-6199a28d191b

The fact that this cast a shadow over Ralph Goodale’s good name who was Finance Minister at the time was very unfortunate.

I think most observers including me would argue it was unfair, and of course his office was cleared of any wrong doing.

http://www.macleans.ca/canada/national/article.jsp?content=20070215_134912_10588

Over the course of the next few days much will be googled and much will be said.

When it involves me please let me know.

I will delighted to answer all your questions.

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