Legislators yesterday called for stricter regulation of Facebook Marketplace to address a surge in scams on the peer-to-peer site, calling the government’s current approach ineffective and in need of a bold response.
Democratic Progressive Party (DPP) Legislator Michelle Lin (林楚茵) said that many fraudulent posts on the commerce platform use suggestive images or unreasonably low prices to lure customers, while some do not specify the source of the product they purport to sell.
Some illegally sell medication or drugs, she said, adding that she has seen a town house for sale on the Web site for just NT$320.
Although the Ministry of Economic
FSC investigating suspicious spike in Jih Sun shares
By Kao Shih-ching
The Financial Supervisory Commission (FSC) has launched an insider trading probe, after Jih Sun Financial Holding Co’s (日盛金控) shares spiked on the Taipei Exchange before Fubon Financial Holding Co (富邦金控) announced its bid to acquire the firm, FSC Chairman Thomas Huang (黃天牧) said yesterday.
On Monday last week, 13.329 million Jih Sun shares were traded on the Taipei Exchange, 6.27 times more than the average daily trading volume of 2.125 million shares from Dec. 1 to Dec. 11, the exchange’s data showed.
That was four days before Fubon Financial announced that it planned to acquire at least 50 percent of Jih Sun’s shares at NT$13 per share.