Acer Employee, Stockbroker Detained in Insider Trading Probe
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An Acer Inc. spokesman and a stockbroker were detained as part of an investigation into alleged insider trading at the computer maker before it announced a record loss last year, Taiwanese authorities said.
A further six people were arrested and released on bail, one person didn’t show up and another agreed to become a prosecution witness after questioning, said Lee Hai-lung, a spokesman for the New Taipei District Prosecutors Office. The 10 suspects made a profit of about NT$5 million ($164,000) using the information, according to Lee.