SFC cleared to prosecute Tiger Asia
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.
Please note: This story was published in 2012. Click here for the latest coverage on asset owner news in Asia.
Hong Kong’s Securities and Futures Commission has won a legal battle to enable it to prosecute Tiger Asia, a New York-based hedge fund, for alleged insider trading and market manipulation.
The case dates back to the SFC’s initial move in 2009 to freeze up to HK$29.9 million of assets held by Tiger Asia and its three principles, Bill Hwang Sung-Kook, Raymond Park and Wil…
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