1.    Date of sanction: August 20, 2025
2.    Objects of sanction: SinoPac Securities Corporation (hereinafter referred to as SinoPac Securities) and its employee XX Wang.
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 subparagraphs 2 and 9, paragraph 2, Article 18 of the Regulations Governing Responsible Persons and Associated Persons of Securities Firms.
4.    Facts of violation: The Taiwan Stock Exchange Corporation conducted an audit of the Chunghsiao Branch of SinoPac Securities from February 17 to 18, 2025, and found that its associated person, XX Wang, had engaged in fund borrowing and lending with customers and had leaked data regarding customer entrusted transactions. These facts indicate that SinoPac Securities did not fulfill its supervisory and management responsibilities toward its employees and did not properly implement its internal control system.
5.    Sanctions imposed: A fine of NT$300,000 is imposed on SinoPac Securities in accordance with subparagraph 4, paragraph 1, Article 178-1 of the Securities and Exchange Act, and SinoPac Securities is ordered to suspend the business execution by XX Wang for two months in accordance with Article 56 of the same Act. 

Contact unit: Securities Firms Division, Securities and Futures Bureau 
Tel: (02) 2774-7130
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