1. Date of sanction: March 27, 2024
2. Objects of sanction: Hua Nan Securities Co., Ltd. (hereinafter referred to as Hua Nan Securities) and XX Wang, an associate person of its overseas product department.
3. Legal basis for the sanctions: Article 56 and subparagraph 4, paragraph 1, Article 178-1 of the Securities and Exchange Act; paragraph 2, Article 2 and paragraph 16, Article 37 of the Regulations Governing Securities Firms; and subparagraph 2, paragraph 2, Article 18 of the Regulations Governing Responsible Persons and Associated Persons of Securities Firms.
4. Facts of violation: On December 5, 2023, the Taiwan Securities Association conducted an audit of Hua Nan Securities, and found that XX Wang, an associate person of its overseas product department, had violation of regulations by leaking customer order information through LINE.
5. Sanctions imposed:
(1) The company part: A fine of NT$300,000 is imposed on Hua Nan Securities in accordance with subparagraph 4, paragraph 1, Article 178-1 of the Securities and Exchange Act.
(2) The personnel part: Hua Nan Securities is ordered to suspend the business execution of XX Wang, the associate person of its overseas product department, for one month in accordance with Article 56 of the Securities and Exchange Act.