Sanction on Fubon Securities Co., Ltd. and its Employee for Violating Futures Management Laws and Regulations
2022-05-04
1. Date the fine was imposed: May 4, 2022
2. Recipient of the fine: Fubon Securities Co., Ltd. (hereinafter " Fubon Securities ") and its associated person
3. Legal basis of the fine: Article 9, paragraph 2, and Article 29, paragraph 2 of Regulations Governing the Operation of Futures Introducing Broker Business by Securities Firms. Article 16, paragraph 2 of Regulations Governing Responsible Persons and Associated Persons of Futures Commission Merchants. Article 55, subparagraph 17 of Regulations Governing Futures Commission Merchants.
4. Facts of the violation and reasons: The associated person of Fubon Securities used the account of the futures trader to engage in futures trading. The Company did not fulfill its duty of supervision. Fubon Securities failed to implement proper internal control systems. Such facts were found of violating of futures trade regulation.
5. Resulting fine: A fine of NT$120,000 is imposed on Fubon Securities and the associated person is suspended from performing futures business for 4 months respectively in accordance with subparagraph 2, paragraph 1, Article 119 and Article 101, paragraph 1 of the Futures Trading Act.
2. Recipient of the fine: Fubon Securities Co., Ltd. (hereinafter " Fubon Securities ") and its associated person
3. Legal basis of the fine: Article 9, paragraph 2, and Article 29, paragraph 2 of Regulations Governing the Operation of Futures Introducing Broker Business by Securities Firms. Article 16, paragraph 2 of Regulations Governing Responsible Persons and Associated Persons of Futures Commission Merchants. Article 55, subparagraph 17 of Regulations Governing Futures Commission Merchants.
4. Facts of the violation and reasons: The associated person of Fubon Securities used the account of the futures trader to engage in futures trading. The Company did not fulfill its duty of supervision. Fubon Securities failed to implement proper internal control systems. Such facts were found of violating of futures trade regulation.
5. Resulting fine: A fine of NT$120,000 is imposed on Fubon Securities and the associated person is suspended from performing futures business for 4 months respectively in accordance with subparagraph 2, paragraph 1, Article 119 and Article 101, paragraph 1 of the Futures Trading Act.
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Update：
2022-05-11