The firm said that Chen has revealed that the SEC may commence a civil enforcement action against her for alleged violations of the 1934 Securities Exchange Act.
The alleged infringement involves Chen's spouse, Daniel Chiang, and centres
on trading in the securities of
Corporation, of which Chiang is former co-chairman.
"Trend Micro announced that its chief executive officer Eva Chen has advised the board of directors that the staff of the SEC may recommend that the SEC commence a civil enforcement action against Ms Chen for alleged violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder involving her spouse, Daniel Chiang, and trading in the securities of SINA Corporation," said the Trend Micro statement.
The SEC has also inquired into whether Chen under-reported her holdings in Trend Micro shares, the IT security company said.
Trend Micro stated that it is "not aware of any allegations against Ms Chen that would be attributable to the company" and is monitoring the effects of this development.
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