The U.S. Securities and Exchange Commission (SEC) is considering launching a civil enforcement action against the chief executive officer (CEO) of Trend Micro over alleged securities violations, the Japanese antivirus software company said Wednesday.Trend Micro CEO and cofounder Eva Chen may face SEC action over alleged violations of the Securities Exchange Act of 1934 involving her husband, Daniel Chiang, and trading in the securities of Chinese Internet portal company Sina Chiang, a former co-chairman of Sina resigned from the portal company in March.The SEC is also investigating whether Chen underreported her holdings in Trend Micro shares.“The company is not aware of any allegations against Ms. Chen that would be attributable to the company,” Trend Micro said in a statement, adding that the vendor’s board was monitoring the effects of a potential SEC probe on the company. Chen cofounded Trend in 1988 with Steve and Jenny Chang. After stints as executive vice president and then chief technology officer, Chen became Trend Micro CEO in January 2005.Trend Micro shares (ticker symbol: TMIC) were trading down 3.9 percent at US$33.10 on the Nasdaq in Wednesday late-morning trading. -China Martens, IDG News Service (Boston Bureau)Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Sponsored by Freshworks When your AI chatbots mess up AI ‘hallucinations’ present significant business risks, but new types of guardrails can keep them from doing serious damage By Paul Gillin Dec 08, 2023 4 mins Generative AI brandpost Sponsored by Dell New research: How IT leaders drive business benefits by accelerating device refresh strategies Security leaders have particular concerns that older devices are more vulnerable to increasingly sophisticated cyber attacks. By Laura McEwan Dec 08, 2023 3 mins Infrastructure Management case study Toyota transforms IT service desk with gen AI To help promote insourcing and quality control, Toyota Motor North America is leveraging generative AI for HR and IT service desk requests. By Thor Olavsrud Dec 08, 2023 7 mins Employee Experience Generative AI ICT Partners feature CSM certification: Costs, requirements, and all you need to know The Certified ScrumMaster (CSM) certification sets the standard for establishing Scrum theory, developing practical applications and rules, and leading teams and stakeholders through the development process. By Moira Alexander Dec 08, 2023 8 mins Certifications IT Skills Project Management Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe