INVESTORS with Kingly Commodities have got their money back, according to a spokesman for the Securities and Futures Commission (SFC). Kingly Commodities has paid out the remaining $8.85 million from clients' accounts left open after the SFC effectively shut down the company last March. ''All clients' positions have been closed out,'' said the SFC. The repayment comes after the SFC asked Kingly Commodities in Hongkong to retrieve money from Manila that had been identified as belonging to clients. At one stage, Kingly is thought to have credited Kingly Manila with up to $26.54 million. The remaining money appears to have been eroded in what are deemed trading losses. The SFC is looking into the legitimacy of these trading losses. The confusion stems from discrepancies found between the trading accounts of Kingly Manila and Kingly Commodities in Hongkong. Questions could be raised as to whether this money was invested at all. But the SFC spokesman said: ''A lot of losses could, in fact, have been legitimate.'' The SFC is continuing to investigate. Restrictions placed on the company at the start of the SFC investigation will remain until it is complete. Meanwhile, the SFC has issued another restriction notice, this time on Pan Pacific Securities Management. The move comes after clients attempted to sue for $10.6 million worth of dishonoured cheques.