A matter of shortchanging the market

Foreign managers are on the defensive over Taiwan SFCÆs market manipulation claims.

The recent market falls have shaken some Taiwan investment managers in more ways than one.

An unnamed source from the Securities and Futures Commission SFC this week has accused some Taiwan investment managers of misleading conduct by publicly talking up the market while shorting it at the same time, according to the local press.

But an SFC spokesperson contacted by FinanceAsia declined to confirm whether any managers were being investigated on the market manipulation claims, saying such matters are usually referred to the Department of Justice for investigation. Until then, the commission would not make comments.

The damage has been done. Names of foreign firms that have sold their holdings in...

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