I.        Date of sanction: January 17, 2024
II.        Object of sanction: Union Securities Investment Trust Co., Ltd.
III.        Legal basis for the sanction: Article 69 and paragraph 7, Article 111 of the Securities Investment Trust and Consulting Act, and Articles 6, 7 and 8 of the Regulations Governing Responsible Persons and Associated Persons of Securities Investment Consulting Enterprises.
IV.        Facts of violation: The president of the company executed other businesses without approval, and his subordinates have the circumstances of not meeting the professional qualifications required to perform businesses, or not handling businesses outside the registered scope in accordance with the regulations; these are verified to have violated laws and regulations related to securities investment trust enterprises.
V.        Sanction imposed: A fine of NT$600,000 is imposed on Union Securities Investment Trust Co., Ltd. in accordance with paragraph 7, Article 111 of the Securities Investment Trust and Consulting Act.
Contact unit: Section Chief Yeh, SITE and SICE Group, Securities and Futures Bureau
Tel: (02) 2774-7357
If you have any questions, please write to: FSCMAIL