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Former Associated Person of Masterlink Futures Co., Ltd. Sanctioned for Violation of Laws and Regulations Governing Futures Business

2023-06-08

1.Date the fine was imposed: 26 May 2023
2.Recipient of the fine: former associated person Chen (hereinafter "Chen") of Masterlink Futures Co., Ltd. (hereinafter "Masterlink Futures")
3.Legal basis of the fine: Article 55, subparagraph 7 of the Regulations Governing Futures Commission Merchants. Article 16, paragraph 2 of Regulations Governing Responsible Persons and Associated Persons of Futures Commission Merchants.
4.Facts of the violation and reasons: Chen, who was registered as the associated persons for brokerage trading in Masterlink Futures, kept the passbooks, financial cards for such passbooks, and passwords for futures trader’s cash accounts for futures trading. This fact was found to be in violation of futures regulations.
5.Resulting fine: Pursuant to Paragraph 1, Article 101 of the Futures Trading Act, Chen is suspended from executing futures business for 1 month.
Visitor: 1376   Update: 2023-06-08
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