Tiger Asia, Hwang Banned From Trading in Hong Kong for 4 Years
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A Hong Kong tribunal banned Tiger Asia Management LLC and its founder Bill Hwang from trading securities in Hong Kong for four years after they admitted using inside information to trade Chinese bank stocks.
The Market Misconduct Tribunal determined that the New York-based hedge fund, Hwang and Head of Trading Raymond Park engaged in market misconduct in Hong Kong, the Securities and Futures Commission said in a statement yesterday.