The Hong Kong Securities and Futures Commission said Monday it is seeking court orders to issue a trading ban against New York-based Tiger Asia hedge fund over alleged insider trading and market manipulation.

The SFC says Tiger Asia obtained inside information on Bank of China Ltd. The regulator said it would freeze $1.1 million in assets of Tiger Asia, hedge fund manager Bill Sung Kook Hwang and two other Tiger Asia officers, Raymond Park and William Tomita.

This is in addition to the $3.9 million SFC applied to freeze in August 2009, which is a separate case still pending.

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