HK SFC seeks landmark trading ban for Tiger Asia
Hong Kong's regulator, in its first ever such move, is looking to prohibit the US asset manager from dealing in all listed securities and derivatives following further insider-trading allegations.
It appears things can only get worse for Tiger Asia Management, whose executives don't seem to have heard of the expression 'once-bitten, twice shy', if new allegations are anything to go by.
Already the subject of insider-dealing allegations in Hong Kong, the New York-based asset manager may now win the dubious honour of becoming the first entity to be banned from trading in the territory by the Securities & Futures Commission (SFC).
The regulator is seeking court orders to pro…
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