Sanction on Dah Chang Futures Corporation Ltd. for Violation of Futures Management Related Laws and Regulations
2024-12-26
1. Date of sanction: December 26, 2024
2. Object of sanction: Dah Chang Futures Corporation Ltd. (hereinafter referred to as Dah Chang Futures).
3. Legal basis for sanctions: Paragraph 2, Article 2 and Article 12 of the Regulations Governing Futures Commission Merchants.
4. Facts of violations: Dah Chang Futures failed to carry out foreign futures settlement operations in accordance with its regulations on foreign futures settlement operations, failed to follow its internal control regulations, and failed to register with the Chinese National Futures Association a change in the type of the firm’s associated person before the associated person’s execution of futures trading. Dah Chang Futures is therefore verified to have violated futures management laws and regulations.
5. Sanctions imposed: A fine of NT$240,000 is imposed on Dah Chang Futures in accordance with subparagraph 2, paragraph 1, Article 119 of the Futures Trading Act.
Visitor:
194
Update:
2025-01-10