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Canadian trader banks moral win over ASIC

Canadian trader banks moral win over ASIC Save Share Everyone got some of what they wanted out of a Court of Appeal judgment handed down on Friday. ASIC, for one, is not on the hook for defaming Daniel Schlaepfer. The higher court affirmed its qualified privilege defence of the actions of market supervision boss Greg Yanco, who in 2014 warned major brokerages against doing business with one of Schlaepfer’s firms over suspicions its traders had placed false orders to “layer” the market to their own undue financial benefit. The higher court affirmed ASIC’s qualified privilege defence of the actions of market supervision boss Greg Yanco 

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