Hong Kong's securities regulator started tribunal proceedings against Tiger Asia for alleged insider trading that took place in 2008 and 2009.
Tag : tiger asia
The case involving the US hedge fund has caused worries over the use of section 213 of the Securities and Futures Ordinance by Hong Kong's securities regulator.
Hong Kong’s Court of Appeal ruled that the Securities and Futures Commission can proceed with its case against Tiger Asia for alleged insider trading.
The territory's Securities and Futures Commission will appeal last week's decision not to freeze the assets of the US hedge fund.
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.
