Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, 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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