Sanction on Masterlink Futures Co., Ltd. for Violation of Futures Management Related Laws and Regulations
2021-12-01
1. Date the fine was imposed: December 1, 2021.
2. Recipient of the fine: Masterlink Futures Co., Ltd. (hereinafter referred to as “Masterlink Futures”)
3. Legal basis of the fine: Paragraph 2, Article 2 of the Regulations Governing Futures Commission Merchants.
4. Facts of the violation and reasons: Masterlink Futures did not square the investment position on behalf of a futures trader when the risk index of the trader's account reached the level of agency offset, and did not strictly handle the internal audit operation; these are inconsistent with the provisions of the firm's internal control system, and are verified to have violated the futures management laws and regulations.
5. Resulting fine: An administrative fine of NT$120,000 was imposed on Masterlink Futures in accordance with subparagraph 2, paragraph 1, Article 119 of the Futures Trading Act.
2. Recipient of the fine: Masterlink Futures Co., Ltd. (hereinafter referred to as “Masterlink Futures”)
3. Legal basis of the fine: Paragraph 2, Article 2 of the Regulations Governing Futures Commission Merchants.
4. Facts of the violation and reasons: Masterlink Futures did not square the investment position on behalf of a futures trader when the risk index of the trader's account reached the level of agency offset, and did not strictly handle the internal audit operation; these are inconsistent with the provisions of the firm's internal control system, and are verified to have violated the futures management laws and regulations.
5. Resulting fine: An administrative fine of NT$120,000 was imposed on Masterlink Futures in accordance with subparagraph 2, paragraph 1, Article 119 of the Futures Trading Act.
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Update：
2022-01-19