Defendant Chen Ming-fu allegedly manipulated prices of the shares issued by Sunflex Tech. Co., Ltd. (stock code: 3390, hereinafter referred to as Sunflex) in 2010 (as below), in violation of the Securities and Exchange Act. To protect the rights and interests of investors based on the prosecutor's indictment and related laws, the Securities and Futures Investors Protection Center (abbreviated as SFIPC) is now taking applications from goodwill investors who seek compensation in the case and will file a compensatory civil lawsuit on their behalf. Those meeting eligibility requirements should gather all documents, fill out the forms, and send them to the SFIPC by Jan. 10, 2013. Please check the Center’s website at http://www.sfipc.org.tw for further information or call us at (02)2712-8899.
According to the indictment by Taipei District Prosecutors Office, Chen is suspected of using multiple accounts to manipulate Sunflex share price during 2010, through repeatedly buying high-priced stock and selling it low as well as relative transaction methods, thereby causing Sunflex share price movement to depart from those of companies of the same sector and the overall market performance. It also created illusion of active trading of Sunflex shares. The case is presently before the Taipei District Court for a hearing on criminal charges.
※ Eligibility requirements:
Those who purchased Sunflex shares (including margin trading for stock replenishment) on Aug. 11-Sept. 27, 2010 (inclusive), and still suffer losses after selling their holdings of Sunflex shares purchased during the above-mentioned period.
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