Masterlink Futures Corp.,Ltd Sanctioned for Violation of Laws and Regulations Governing Futures Business
1.Date the fine was imposed: 11 December 2019
2.Recipient of the fine: Masterlink Futures Corp.,Ltd (hereinafter " Masterlink Futures ")
3.Legal basis of the fine: Article 2, paragraph 2 of the Regulations Governing Futures Commission Merchants.
4.Facts of the violation and reasons: MasterLink Futures engage in futures brokerage business with the approval from the Financial Supervisory Commission. Its foreign futures trading system Gateway had no records related to the testing of "Stop Limit order" prior to the occurrence of exception on October 22, 2018, that was not in compliance with the company’s internal control system. All such facts were found to be in violation of futures regulations.
5.Resulting fine: An administrative fine of NT$120,000 was imposed on Masterlink Futures pursuant to Article 119, paragraph 1, subparagraph 2 of the Futures Trading Act.
Visitor： 396 Update： 2019-12-16