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Administrative Sanction

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Harvest Securities Investment Consulting Co.,Ltd. and Its Associated Person Jiang Sanctioned for Violation of Laws and Regulations Governing Futures Business

 
1.Date the fine was imposed: 30 October 2018
2.Recipient of the fine: Harvest Securities Investment Consulting Co., Ltd. (Hereinafter referred to as "Harvest SICE") and its associated person Jiang (hereinafter " Jiang ").
3.Legal basis of the fine: Article 25, Paragraph 1, and Article 26, Paragraph 2, subparagraph 4 and Paragraph 4 of the Regulations Governing Futures Advisory Enterprises.
4.Facts of the violation and reasons: Harvest SICE is currently engaged in futures advisory business with the approval from the Financial Supervisory Commission(FSC). The Company appointed Jiang, one of its employees, to conduct training on futures advisory business. Jiang, however, did not use his/her real name and was not a qualified associated person when conducting such training. All such facts were found to be in violation of futures regulations.
5.Resulting fine: An administrative fine of NT$240,000 was imposed on Harvest SICE pursuant to Article 119, paragraph 1, subparagraph 2 of the Futures Trading Act; pursuant to Article 101, paragraph 1 of the same Act, Harvest SICE was further ordered to suspend Jiang from performing futures advisory business for 2 months.
Visitor: 55   Update: 2018-11-06