1.Date the punishment was imposed: July 2, 2019
2.Recipient of the punishment: Manager of the Xisong Branch, Lin, XX, and former salesperson, Jiang, XX, of Capital Securities Corporation (hereinafter referred to as “Capital Securities”)
3.Legal basis of the punishment: Article 56 of the Securities and Exchange Act, Paragraph 2, Article 2 of the Regulations Governing Securities Firms, Paragraph 2, Sub-paragraphs 9, 10 and 11, Paragraph 1, and Paragraph 3, Article 18 of the Regulations Governing Responsible Persons and Associated Persons of Securities Firms.
4.Facts of the violation and reasons: The former salesperson of Capital Securities Xisong Branch, Jiang, XX, had concealed information, committed fraud or acted in a misleading manner, and misappropriated or kept the securities or stamps on behalf of customers, engaged in loans/borrowing with customers, usurped the business stamps and title stamps of the staff from all levels of the branch office, and forged transaction certificates. The manager of the Xisong Branch, Lin, XX, failed to fulfill the duties of supervision and management. The internal control system and compliance measures were not effectively enforced or implemented. This is deemed as the violation of the regulations of securities management.
5.The disciplinary action:
(1)Former salesperson, Jiang, XX: Capital Securities is ordered to dismiss the salesperson pursuant to Article 56 of the Securities and Exchange Act.
(2)Manager of the Xisong Branch, Lin, XX: Capital Securities is ordered to suspend the manager’s duties for 1 month pursuant to Article 56 of the Securities and Exchange Act.
Contact person: Section Chief, Hsu, Securities Firm Division, Securities and Futures Bureau
Contact tel.: 2774-7161
Please send your inquiry to:https://fscmail.fsc.gov.tw