1.Date the fine was imposed: 15 December, 2020. 
2.Recipient of the fine: Concord Futures Corp. (hereinafter "Concord Futures") and its associated person Lin (hereinafter " Lin ") and Nian (hereinafter " Nian ").
3.Legal basis of the fine: Article 2, paragraph 2 , Article 55, subparagraph 23 of the Regulations Governing Futures Commission Merchants. Article 16, paragraph 2 of the Regulations Governing Responsible Persons and Associated Persons of Futures Commission Merchants.
4.Facts of the violation and reasons: The associated persons of Concord Futures obtained the customers' passwords and identification numbers for online order, and conducted on-line testing before the customers' initial use of the API service to place orders. Besides, the risk management mechanism of the Concord Futures was not able to effectively adapt to the futures trader's dismantling and combining of the option portfolio, thus Concord Futures did not perform the write-off operation on behalf of the futures trader when the risk index of the futures trader' account had reached the write-off level. These were not in compliance with the internal control system of Concord Futures. All such facts were found to be in violation of futures regulations.
5.Resulting fine: An administrative fine of NT$240,000 was imposed on Concord Futures pursuant to Article 119, paragraph 1, subparagraph 2 of the Futures Trading Act; pursuant to Article 101, paragraph 1 of the same Act, Lin and Nian is individually suspended from performing futures trading business for 1 month.