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TORONTO, July 1, 2021 /PRNewswire/ — The below is a statement released on behalf of Daniel Schlaepfer following today’s verdict on his appeal. Mr. Schlaepfer is pleased that ASIC’s truth defence has been struck down, rejecting the finding that Select Vantage Inc. (SVI) traders had engaged in market manipulation. The judgment concluded that: " Although Mr Schlaepfer has been unsuccessful in the outcome of the appeal, he has been successful on most issues including the defence of truth, which occupied a substantial portion of the proceedings. That success has achieved what was said to ...

Courtney Crow/The Associated Press The unprecedented battle between small investors and big-money pros took a sharp turn Thursday, as Wall Street hit back. Small investors that had been cheering their remarkable success in driving up the share prices of a motley group of companies into the stratosphere over the past month met stiff resistance in their quest to perpetuate the buying campaign and force hedge funds and short sellers to back down from their financial bets against those same companies. A number of popular online trading platforms in the United States and Canada imposed strict limi...