DAH CHANG Futures Co., Ltd. Sanctioned for Violation of Laws and Regulations Governing Futures Business
2018-11-29
1.Date the fine was imposed: 29 November 2018
2.Recipient of the fine: DAH CHANG Futures Co., Ltd. (hereinafter " DAH CHANG 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: DAH CHANG Futures accepted the TXO market price orders on May 17, 2018 and did not collect the futures trading premiums in full from the trader; also, the trader risk index was negative. The company did not perform the write-off operation on behalf of customer that was not in compliance with the company’s internal control system. 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 DAH CHANG Futures pursuant to Article 119, paragraph 1, subparagraph 2 of the Futures Trading Act.
2.Recipient of the fine: DAH CHANG Futures Co., Ltd. (hereinafter " DAH CHANG 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: DAH CHANG Futures accepted the TXO market price orders on May 17, 2018 and did not collect the futures trading premiums in full from the trader; also, the trader risk index was negative. The company did not perform the write-off operation on behalf of customer that was not in compliance with the company’s internal control system. 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 DAH CHANG Futures pursuant to Article 119, paragraph 1, subparagraph 2 of the Futures Trading Act.
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Update：
2018-12-10