MasterLink Futures Co., Ltd Sanctioned for Violation of Laws and Regulations Governing Futures Business
2016-11-30
1. Date the fine was imposed: 30 November 2016.
2. Recipient of the fine: MasterLink Futures Co., Ltd (hereinafter referred as MasterLink Futures).
3. Legal basis of the fine: Subparagraph 2, Paragraph 1, Article 119 of the Futures Trading Act、Paragraphs 5 and 6, Article 7 of the Regulations Governing Responsible Persons and Associated Persons of Futures Commission Merchants, and Article 12 of the Regulations Governing Futures Commission Merchants.
4. Facts of the violation and reasons: MasterLink Futures is approved by the Commission to operate the business of futures proprietary trades. Due to the mistake on the registration of its staff, the employee named Huang, Tan, and Li of MasterLink Futures have conducted or served concurrently in businesses beyond the registered scope since February 2012, and therefore violated the laws and regulations governing futures business.
5. Resulting fine: The Commission imposes an administrative fine of 120,000 New Taiwan dollars on MasterLink Futures pursuant to subparagraph 2, paragraph 1, Article 119 of the Futures Trading Act.
2. Recipient of the fine: MasterLink Futures Co., Ltd (hereinafter referred as MasterLink Futures).
3. Legal basis of the fine: Subparagraph 2, Paragraph 1, Article 119 of the Futures Trading Act、Paragraphs 5 and 6, Article 7 of the Regulations Governing Responsible Persons and Associated Persons of Futures Commission Merchants, and Article 12 of the Regulations Governing Futures Commission Merchants.
4. Facts of the violation and reasons: MasterLink Futures is approved by the Commission to operate the business of futures proprietary trades. Due to the mistake on the registration of its staff, the employee named Huang, Tan, and Li of MasterLink Futures have conducted or served concurrently in businesses beyond the registered scope since February 2012, and therefore violated the laws and regulations governing futures business.
5. Resulting fine: The Commission imposes an administrative fine of 120,000 New Taiwan dollars on MasterLink Futures pursuant to subparagraph 2, paragraph 1, Article 119 of the Futures Trading Act.
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Update：
2016-12-06