Decision Against Violation of Securities Laws and Regulations by Employees of Chin Kang Securities Co., Ltd.
I.Date of Decision: January 16, 2020.
II.Sanction Target: Former Sales, Chiang ○○, of Chin Kang Securities Co., Ltd. (hereinafter referred to as Chin Kang Securities).
III.Legal Basis: Article 56 of the Securities and Exchange Act, the subparagraph 1, Paragraph 1 of Article 3, Paragraph 1 of Article 12, Paragraph 1 of Article 18, and the subparagraph 17, Paragraph 2 of Article 18 of the Regulations Governing Responsible Persons and Associated Persons of Securities Firms.
IV.Facts & Reasons: The former sales, Chiang ○○, of Chin Kang Securities, was engaged in the securities investment analysis business for Chin Kang Securities without the qualification as a senior sales representative. Meanwhile, at the same time when he subscribed for the TWSE/TPEx-listed companies’ stock on behalf of Chin Kang Securities, he also traded the same stock on behalf of his spouse and son, and was found succeeding to interest with Chin Kang Securities mutually. Given this, he should be held violating the securities laws and regulations.
V.Consequence: According to Article 56 of the Securities and Exchange Act, Chin Kang Securities is ordered to suspend the former sales representative, Chiang ○○, from execution of duty for one year at the time of his commission.
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