A Sydney courtroom maybe half the world away from Brussels, London or Washington, but a judgement that will soon be handed down in Australia could have repercussions on the culture of financial market regulation in major markets in Europe, the UK, and the US for years to come.

In one of the first defamation cases brought against a regulator, the Australian Securities and Investments Commission (ASIC) is being sued by Daniel Schlaepfer, the President and CEO of Canadian day trading firm Select...


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