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Disciplinary Action on Yuanta Securities Investment Trust Co., Ltd. and its Personnel for Violating Laws and Regulations on the Management of Securities Investment Trust Enterprise

1.    Date of disciplinary action: January 18, 2021
2.    Object of disciplinary action: Yuanta Securities Investment Trust Co., Ltd. (hereinafter referred to as Yuanta SITE) and its former fund manager XX Wu. (hereinafter referred to as  Wu)
3.    Legal basis for the disciplinary action: Article 104 and paragraph 7, Article 111 of the Securities Investment Trust and Consulting Act, and subparagraph 1, paragraph 2, Article 13 of the Regulations Governing Responsible Persons and Associated Persons of Securities Investment Trust Enterprises.
4.    Facts of law violation and reasons: The FSC conducted a business inspection on Yuanta SITE, and found that  Wu, former fund manager of Yuanta SITE, had leaked to others information known on his job, and this is verified to have violated the relevant laws and regulations of securities investment trust enterprises. Yuanta SITE also failed to perform its duty of supervising illegal activities of Wu, and is verified to have deficiencies in this regard.
5.    Disciplinary action imposed:
(1)    In accordance with Article 104 of the Securities Investment Trust and Consulting Act, Yuanta SITE is ordered to suspend business execution of its former fund manager Wu for one year from February 15, 2021 to February 14, 2022.
(2)    A fine of NT$600,000 is imposed on Yuanta SITE in accordance with paragraph 7, Article 111 of the Securities Investment Trust and Consulting Act.
 
Visitor: 582   Update: 2021-02-02