HK court to rule on Tiger hedge fund trading ban within 2 weeks

Reuters – Hong Kong’s high court said on Thursday it will rule within two weeks whether the market regulator is allowed to ban New York-based hedge fund Tiger Asia from trading in the territory and freeze money it says are the proceeds of insider dealing.

Tiger Asia is challenging the Securities and Futures Commission’s (SFC) proposed ban and asset freeze, saying the regulator should stick to just pursuing a criminal prosecution.

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