1.Date the fine was imposed: 17 July, 2020. 

2.Recipient of the fine: Concord Securities Co., Ltd. (hereinafter “Concord Securities ") and its former associated person Chen (hereinafter " Chen ").

3.Legal basis of the fine: Article 9, paragraph 2, Article 9 (2), paragraph 1, subparagraph 3, paragraph 2 and Article 29, paragraph 2, subparagraph 3 of Regulations Governing the Operation of Futures Introducing Broker Business by Securities Firms.

4.Facts of the violation and reasons: Concord Securities has failed to complete screening on traders placing order online from the same IP address pursuant to the internal control system. The former associated person, Chen, accepted discretionary trading authorization of futures traders, and Concord Securities has failed to report said violation committed by Chen within five business days from the date on which the company learned of it. 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 Concord Futures pursuant to Article 119, paragraph 1, subparagraph 2 of the Futures Trading Act; pursuant to Article 101, paragraph 1 of the same Act, Chen is suspended from performing futures trading business for 1 month.