1.    Date of sanction: March 13, 2026
2.    Object of sanction: IBF Securities Co., Ltd. (hereinafter referred to as "IBF Securities") and its employee, Chen.
3.    Legal basis for the sanctions: Paragraph 1, Article 101, and Subparagraph 2, Paragraph 1, Article 119 of the Futures Trading Act; Paragraph 2, Article 2 of the Regulations Governing Futures Commission Merchants; and Paragraphs 1 and 3, Article 16 of the Regulations Governing Responsible Persons and Associated Persons of Futures Commission Merchants.
4.    Facts of violation: Chen, the head of the futures proprietary trading department of IBF Securities, continued to establish new positions without approval for reinstatement after his trading privileges had been suspended because his losses exceeded the annual stop-loss limit, and its risk management office failed to monitor Chen’s intraday positions in a timely manner. In addition, the trading unit also failed to impose the trading suspension in the system and control Chen’s new trades. Consequently, IBF Securities and Chen were determined to have violated the futures regulations.
5.    Sanctions imposed: In accordance with Subparagraph 2, Paragraph 1, Article 119 of the Futures Trading Act, IBF Securities is fined NT$240,000. Pursuant to Paragraph 1, Article 101 of the same Act, Chen is suspended from executing futures business for one month.