Capital Securities Corp. Sanctioned for Violation of Laws and Regulations Governing Futures Business
2021-02-03
1. Date the fine was imposed: 3 February, 2021.
2. Recipient of the fine: Capital Securities Corp. (hereinafter " Capital Securities").
3. Legal basis of the fine: Article 9, paragraph 2 of the Regulations Governing the Operation of Futures Introducing Broker Business by Securities Firms.
4. Facts of the violation and reasons: Capital Securities operated futures introducing broker business with permission from the FSC, but failed to issue notification of high-risk accounts before carrying out the liquidation of positions according to the company's internal control system. Above facts were found in violation of futures related regulations.
5. Resulting fine: An administrative fine of NT$120,000 was imposed on Capital Securities pursuant to Article 119, paragraph 1, subparagraph 2 of the Futures Trading Act.
2. Recipient of the fine: Capital Securities Corp. (hereinafter " Capital Securities").
3. Legal basis of the fine: Article 9, paragraph 2 of the Regulations Governing the Operation of Futures Introducing Broker Business by Securities Firms.
4. Facts of the violation and reasons: Capital Securities operated futures introducing broker business with permission from the FSC, but failed to issue notification of high-risk accounts before carrying out the liquidation of positions according to the company's internal control system. Above facts were found in violation of futures related regulations.
5. Resulting fine: An administrative fine of NT$120,000 was imposed on Capital Securities pursuant to Article 119, paragraph 1, subparagraph 2 of the Futures Trading Act.
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Update：
2021-03-15