Tiger Asia gets HK ban; ex-PFCI chairman fined

Hong Kong’s Market Misconduct Tribunal (MMT) has found that Tiger Asia Management and two of its senior officers, Bill Sung Kook Hwang and Raymond Park, engaged in market misconduct in Hong Kong The MMT has ordered that Tiger Asia and Hwang be banned from trading securities in Hong Kong for four years (the maximum period is five years) without leave of the court. The MMT has also issued cease and desist orders against both the hedge fund firm and Hwang.  This follows Hwang, Park…