Reported about 1 year ago
Huang Yuting, Wei Qiaoyi / Taipei Report on June 11, 2024, 4:10 pm, securities salespersons and investors often share account information and certificates with each other, leading to disputes; the Financial Supervisory Commission has issued four fines within three years and urged investors not to hand over passbooks and account passwords to salespersons. Non-compliance could result in fines ranging from 300,000 to 6 million under the Securities and Exchange Act, with salespersons facing suspension or even dismissal. Cases of salespersons managing clients' passbooks were observed in recent years, with fines imposed by the Commission, indicating the need for enhanced monitoring to prevent illicit activities or trading disputes.
Source: YAHOO