WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Securities and Futures Bureau

Year 2004Regulated by Government

To promote the Taiwan national economic development, facilitate sound developments of the securities and futures markets, maintain the orderly transaction of the markets, and safeguard the rights and interests of securities investors and futures traders, the Financial Supervisory Commission (FSC) establishes the Securities and Futures Bureau (SFB) for purposes of the supervision and regulation of the securities and futures markets and securities and futures enterprises, and the formulation, planning, and implementation of related policies, laws, and regulations. This includes supervision and regulation of the review and trading of futures trading contracts; supervision and regulation of securities and futures enterprises; supervision and regulation of foreign investment in domestic securities and futures markets; Supervision and regulation of securities industry associations, futures industry associations, and related foundations etc.

Disclose broker
Sanction Fine
Disclosure summary
  • Disclosure matching Website matching
  • Disclosure time 2023-08-31
  • Penalty amount $ 48,268.48 USD
  • Reason for punishment If the person being punished violates the provisions of Article 2, Paragraph 2 of the Securities Dealers Management Rules, the person subject to punishment shall be given a warning in accordance with the provisions of Article 66, Paragraph 1 of the Securities and Exchange Act, and shall be given a warning in accordance with Article 178-1, Paragraph 1 of the Securities and Exchange Act. Paragraph 4 provides for a fine of NT$1.5 million.
Disclosure details

Cathay Securities Co., Ltd.’s case of disciplinary action for violating securities administration laws. (Financial Securities Regulatory Commission No. 1120383959)

Financial Supervisory Commission's disciplinary notice: Recipient: Original copy Date of issue: August 31, 2012 Issue number: Financial Management Securities No. 1120383959 Recipient: Cathay Securities Unified number of profit-making enterprises of a joint stock company: abbreviated address: abbreviated name of representative or manager: 〇〇〇 address: abbreviated Purpose: The person being punished violated the provisions of Article 2, Item 2 of the Securities Dealers Management Rules, in accordance with Article 66 of the Securities and Exchange Act Paragraph 1 of the Article stipulates that the person subject to punishment shall be given a warning and a fine of NT$1.5 million shall be imposed in accordance with Article 178-1, Paragraph 1, Paragraph 4 of the Securities and Exchange Act. Facts: The Taiwan Stock Exchange Co., Ltd. (hereinafter referred to as the Stock Exchange) conducted an inspection on the person subject to punishment and found that the person subject to punishment had not actually conducted parameter capacity testing of the certificate system connection mechanism, failed to actually perform application system stress testing, The Internet ordering service quality operation details do not include complete transaction security and stability specifications, the failure to establish standard operating procedures for certificate system failure recovery, and the certificate system database host does not have sufficient resource allocation, etc. It shows that the person being punished failed to implement the internal control system and violated Article 2, Item 2 of the Securities Dealers Management Rules. Reasons and legal basis: 1. According to "If a securities firm violates this Act or orders issued pursuant to this Act, in addition to being punished in accordance with this Act, the competent authority may, depending on the seriousness of the case, impose the following sanctions, and may order it to make improvements within a time limit: 1. Warning...", "If a securities firm... commits any of the following circumstances, the enterprise or association shall be fined not less than NT$300,000 but not more than NT$6 million, and may be ordered to make improvements within a time limit; if it fails to make improvements within the time limit, May be punished on a case-by-case basis: ...4. The securities firm...failed to implement the internal control system." This is stipulated in Article 66, paragraph 1, and Article 178-1, paragraph 1, paragraph 4 of the Securities and Exchange Act respectively; "The business of a securities firm Operations shall be conducted in accordance with laws, articles of association and the internal control system specified in the preceding paragraph." This is stipulated in Article 2, Item 2 of the Securities Dealers Management Rules. 2. When the stock exchange inspected the person subject to punishment, it found that the person subject to punishment had the following deficiencies: (1) The system parameters of the certificate system connection mechanism were not tested when the certificate system was launched, which violated the standards and specifications of the internal control system of securities firms. (Hereinafter referred to as Internal Control Standards and Specifications) CC-19000 System Development and Maintenance (13) Regulations. (2) Failure to actually perform application system stress testing operations, violating the internal control standards CC-17020 Computer System and Operation Safety Management (6). (3) The Internet order service quality operating rules do not include complete transaction security and stability specifications, which violates the internal control standards CC-17010 Network Security Management (8). (4) Failure to formulate standard operating procedures for voucher system failure recovery, implement them and keep records, violating the internal control standard CC-20000 Continuous Operation Management (2). (5) Failure to consider the resource sharing situation of the certificate virtual host, resulting in insufficient resource allocation for the certificate system database host, violating the internal control standards CC-17020 Computer System and Operation Security Management (5). 3. The deficiencies in the above opening are evidenced by letters from the stock exchange dated January 000, 2000 and January 000, 2000, and statements from the person being punished on January 000, 2000 and October 00, 2000, and have been verified. Violation of Article 2, Paragraph 2 of the Securities Dealers Management Rules shall be punished in accordance with Article 66, Paragraph 1 and Article 178-1, Paragraph 1, Paragraph 4 of the Securities and Exchange Act. Payment method: 1. Payment deadline: Pay within 10 days from the day after this sanction is served. 2. Please make payment according to the precautions on the payment slip attached to the (agency). Notes: 1. If the person subject to punishment is dissatisfied with this punishment, he shall file a petition through this Association (Banqiao District, New Taipei City) in accordance with the provisions of Article 58, Paragraph 1 of the Petition Law within 30 days from the day after the punishment is served. 18th Floor, No. 7, Section 2, Xianmin Avenue) filed a petition with the Executive Yuan. However, according to Article 93, Paragraph 1 of the Petition Act, unless otherwise provided by law, the filing of an appeal does not stop the execution of this sanction, and the person subject to the sanction shall still pay the fine. 2. If the person subject to punishment fails to pay the fine within the payment period specified in this punishment, the person shall be transferred to any branch of the Administrative Enforcement Agency of the Ministry of Justice for administrative enforcement in accordance with the proviso of Article 4, Paragraph 1 of the Administrative Enforcement Act. original: Cathay Securities Co., Ltd. (To be served: Mr. Zhuang 〇〇) Copies: Taiwan Stock Exchange Co., Ltd. (representative Mr. Lin 〇〇), Taiwan Securities OTC Trading Center of the Republic of China (representative Mr. Chen 〇〇), Securities Association of the Republic of China (representative: Mr. Chen 〇〇), Inspection Bureau of the Association, Securities and Futures Bureau of the Association (Accounting Office, Secretary’s Office, Securities Dealers Management Group)
View original
Annex
Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com