Disciplinary Action on Eco Global Asset Management Co., Ltd. and Its Legal Representatives for Violation of Laws
2020-01-21
I.Date of disciplinary action: 2020, January 21
II.Objects of disciplinary action: Eco Global Asset Management Co., Ltd. (hereinafter referred to as Eco Global Asset Management), Director XX Chang at the time of the act, and Chairman XX Li.
III.Legal basis for the disciplinary action: paragraph 4 of Article 4, paragraph 2 of Article 8, paragraph 1 of Article 71, subparagraph 5 of Article 103, and Article 104 of the Securities Investment Trust and Consulting Act; paragraph 1, Article 2 of the Standards Governing the Establishment of Securities Investment Consulting Enterprises; subparagraph 3 of Article 5, paragraph 1 of Article 6, paragraph 3 of Article 12, and subparagraph 18, paragraph 2 of Article 13 of the Regulations Governing Securities Investment Consulting Enterprises; paragraph 1 of Article 6 and paragraph 1 of Article 18 of the Regulations Governing Responsible Persons and Associated Persons of Securities Investment Consulting Enterprises.
IV.Facts of law violation:
(I)Eco Global Asset Management used its company funds for other purposes and there is false or concealed information in the contents of relevant accounts; the violation is serious, and the company is obviously unable to operate soundly.
(II)During his tenure as the general manager and business staff of Eco Global Asset Management, Li also served as the director and chairman of other companies.
(III)The company does not concurrently operate as a futures consulting enterprise, but it is found in the APP it develops that it provides consulting services for Taiwan index futures of the most recent month, and the content of the consulting screen includes information such as operating directions for the 30-minute cycle, trigger prices, and long-short conversion prices.
(IV)The company did not declare the related litigation cases of its former chairman.
(V)There is no video or audio recording of its public briefings.
(VI)The appointment contract it signs with the client gives away the securities investment consulting service as a gift.
V.Disciplinary action imposed: The business license of Eco Global Asset Management is abolished pursuant to the provisions of subparagraph 5, Article 103 of the Securities Investment Trust and Consulting Act; also pursuant to the provisions of Article 104 of the same Act, Eco Global Asset Management is ordered to terminate the duties of Director XX Chang and Chairman XX Li.
Contact Office: Section Chief Tsai, Securities Investment Trust and Consulting Division, Securities and Futures Bureau
Contact Numbers: 2774-7426
Please send your inquiry to:FSCmail
II.Objects of disciplinary action: Eco Global Asset Management Co., Ltd. (hereinafter referred to as Eco Global Asset Management), Director XX Chang at the time of the act, and Chairman XX Li.
III.Legal basis for the disciplinary action: paragraph 4 of Article 4, paragraph 2 of Article 8, paragraph 1 of Article 71, subparagraph 5 of Article 103, and Article 104 of the Securities Investment Trust and Consulting Act; paragraph 1, Article 2 of the Standards Governing the Establishment of Securities Investment Consulting Enterprises; subparagraph 3 of Article 5, paragraph 1 of Article 6, paragraph 3 of Article 12, and subparagraph 18, paragraph 2 of Article 13 of the Regulations Governing Securities Investment Consulting Enterprises; paragraph 1 of Article 6 and paragraph 1 of Article 18 of the Regulations Governing Responsible Persons and Associated Persons of Securities Investment Consulting Enterprises.
IV.Facts of law violation:
(I)Eco Global Asset Management used its company funds for other purposes and there is false or concealed information in the contents of relevant accounts; the violation is serious, and the company is obviously unable to operate soundly.
(II)During his tenure as the general manager and business staff of Eco Global Asset Management, Li also served as the director and chairman of other companies.
(III)The company does not concurrently operate as a futures consulting enterprise, but it is found in the APP it develops that it provides consulting services for Taiwan index futures of the most recent month, and the content of the consulting screen includes information such as operating directions for the 30-minute cycle, trigger prices, and long-short conversion prices.
(IV)The company did not declare the related litigation cases of its former chairman.
(V)There is no video or audio recording of its public briefings.
(VI)The appointment contract it signs with the client gives away the securities investment consulting service as a gift.
V.Disciplinary action imposed: The business license of Eco Global Asset Management is abolished pursuant to the provisions of subparagraph 5, Article 103 of the Securities Investment Trust and Consulting Act; also pursuant to the provisions of Article 104 of the same Act, Eco Global Asset Management is ordered to terminate the duties of Director XX Chang and Chairman XX Li.
Contact Office: Section Chief Tsai, Securities Investment Trust and Consulting Division, Securities and Futures Bureau
Contact Numbers: 2774-7426
Please send your inquiry to:FSCmail
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Update：
2021-07-29