February 8, 2007
Insider Trading Charges Settled
The SEC announced today that Daniel Fongnien Chiang, the former Co-Chairman of SINA Corp., and his wife, Eva Yi-Fen Chen, the CEO of Trend Micro Incorporated, settled charges that they engaged in illegal insider trading by selling SINA stock short while in possession of material, non-public information that internal SINA projections showed that SINA's first quarter 2005 revenues could be significantly lower than forecast.
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