1.Date the fine was imposed: 12 January 2017
2.Recipient of the fine: SinoPac Futures Co., Ltd. (hereinafter " SinoPac Futures ")
3.Legal basis of the fine: Article 2, Paragraph 2, and Article 55, Subparagraph 21 of the Regulations Governing Futures Commission Merchants.     
4.Facts of the violation and reasons: SinoPac Futures is licensed to do the futures brokerage business by the Financial Supervisory Commission (FSC). A specific customer of the company introduced a number of customers to open new accounts and make trading. The company coped with the specific customer’s request and paid those of his introduced customers’ surcharge discount amount, in the name of a sales bonus to its sales persons, who later remitted the money to an account designated by the specific customer for a successive period of two years. This was evidenced that the SinoPac Futures indirectly paid commissions or remunerations to a non-employee for soliciting customers. In addition, the SinoPac Futures was found internal control deficiencies in customer account opening procedures; customers did not appear in the SinoPac futures business site in person for account opening; customers used the same IP address and application programming interface (API) to place orders; the written statements and operation records were not saved. All such facts were found to be in violation of futures regulations.
5.Resulting fine: SinoPac Futures was imposed a warning pursuant to Subparagraph 1, Paragraph 1, Article 100 of the Futures Trading Act.