1.    Date of sanction: July 17, 2024
2.    Object of sanction: Yuanta Futures Co., Ltd. (hereinafter referred to as Yuanta Futures) and its associated persons Su and Wang.
3.    Legal basis for sanctions: Article 2, Paragraphs 1 and 2, and Article 55, paragraph 19 of the Regulations Governing Futures Commission Merchants; Article 16, paragraph 2 of the Regulations Governing Responsible Persons and Associated Persons of Futures Commission Merchants; and Article 4,  paragraph 1, subparagraph 3, and Article 6, paragraph 2 of the Regulations Governing the Establishment of Internal Control Systems by Service Enterprises in Securities and Futures Markets.
4.    Facts of violations: Yuanta Futures’ employees Su and Wang provided trading advice to traders between September 25 and 28, 2023, but Yuanta Futures failed to fulfill its supervisory and management responsibilities toward the employees and did not implement its internal control system and relevant regulations. In addition, Yuanta Futures did not establish appropriate operating procedures and effective control measures for its associated persons who used the company’s computer system. The effectiveness of design and implementation of Yuanta Futures’ internal control system was insufficient..
5.    Sanctions imposed: A fine of NT$240,000 was imposed on Yuanta Futures in accordance with Article 119, paragraph 1, subparagraph 2 of the Futures Trading Act, and Su and Wang are ordered to suspend their futures business execution for one month each in accordance with Article 101, paragraph 1 of the same Act.

Contact: Mr. Lee, Section Chief, Securities and Futures Bureau
Contact tel: +886 2 2774 7483.
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