SFIPC now taking applications for compensation in AIT insider trading case

The SFIPC is now taking applications from investors who seek compensation in the AIT insider trading case. In August 2008, Chang Hsi-yen, Lee Hsing-jung, and others were accused of doing insider trading of the shares issued by Asian Information Technology Inc. (abbreviated as AIT, stock code: 6159), in violation of the Securities and Exchange Act. The Taipei District prosecutors office has filed a lawsuit, which is being handled by the court.

The Securities and Futures Investors Protection Center (SFIPC) is now taking applications from goodwill investors who suffer losses in the above-mentioned case, and preparing to file a compensatory civil lawsuit on their behalf. Those who are eligible should get all the necessary documents, fill out the forms, and send them to the SFIPC by March 8, 2013, as shown on the postmark. Please check the Center’s website at http://www.sfipc.org.tw or call (02)2712-8899 for further information.

Based on the prosecutor’s indictment, Chang and others knew beforehand about a merger between AIT and another firm and, in August 2008, prior to the public disclosure of the merger, purchased AIT shares to pocket illegal gains.

※ Eligibility requirements:

1. Those who suffer losses for selling AIT shares on any of the following three trading days: Aug. 20, 21, and 29, 2008.

2. Losses resulted from same-day margin trading of AIT shares on those days will not be compensated.

Top

Update Date：2015/12/04 08:50