SFC fails to ban Tiger Asia

SFC has accused Tiger Asia of insider dealing, but a judge said the case is beyond the High Court’s jurisdiction.

A Reuters report said the Securities and Futures Commission is trying to ban the New York-based hedge fund from trading securities or derivatives in the city and freeze some of its assets.

“The SFC has been unable to bring a criminal charge against Tiger Asia because all its staff are based outside Hong Kong so it is pursuing a civil case under the Securities and Futures Ordinance,” said the report.

View the full report here.