Capital Futures Co., Ltd. Sanctioned for Violation of Laws and Regulations Governing Futures Business
2018-07-16
1.Date the fine was imposed: 16 July 2018.
2.Recipient of the fine: Capital Futures Co., Ltd. (hereinafter " Capital Futures ").
3.Legal basis of the fine: Article 2, paragraph 2, and Article 43, paragraph 1 of the Regulations Governing Futures Commission Merchants.
4.Facts of the violation and reasons: Capital Futures engages in futures brokerage business with approval from the Financial Supervisory Commission (FSC). The company has erred in the computation of margins on September 19, 20 and 22, 2017, and the Capital Futures accepted trading orders without collecting in full the margins required by the regulations of the futures exchanges. In addition, the margins computation of Capital Futures’s trading host doesn’t implement the requlation of internal control systems. Such facts were found to be in violation of futures regulations.
5.Resulting fine: An administrative fine of NT$240,000 was imposed on Capital Futures pursuant to Article 119, paragraph 1, subparagraph 2 of the Futures Trading Act.
2.Recipient of the fine: Capital Futures Co., Ltd. (hereinafter " Capital Futures ").
3.Legal basis of the fine: Article 2, paragraph 2, and Article 43, paragraph 1 of the Regulations Governing Futures Commission Merchants.
4.Facts of the violation and reasons: Capital Futures engages in futures brokerage business with approval from the Financial Supervisory Commission (FSC). The company has erred in the computation of margins on September 19, 20 and 22, 2017, and the Capital Futures accepted trading orders without collecting in full the margins required by the regulations of the futures exchanges. In addition, the margins computation of Capital Futures’s trading host doesn’t implement the requlation of internal control systems. Such facts were found to be in violation of futures regulations.
5.Resulting fine: An administrative fine of NT$240,000 was imposed on Capital Futures pursuant to Article 119, paragraph 1, subparagraph 2 of the Futures Trading Act.
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Update：
2018-07-18