Shin Kong GoldunderYuan FuSecurities was criticized for four major deficiencies, including failure to report wrong accounts based on real errors and failure to separate test and official environments according to purpose on the company network.Financial Supervisory CommissionA fine of NT$900,000 was imposed.
The Securities and Futures Bureau of the Financial Supervisory Commission announced today that the stock exchange inspected Yuanfu Certificate from September 7 to 8, 2023, and found that Yuanfu Certificate did not report wrong accounts based on real errors, and the company network did not use the test environment and the official environment according to the purpose. Separate, outsourced vendors use remote connections to log in to the system without a multi-factor authentication mechanism, and failure to properly control outsourced vendors’ use of external network remote connections shows that Yuanfu Securities has not implemented the internal control system and violated the securities firm’s regulations. Management rules stipulate.
Officials explained that when Yuanfu Securities first reported the wrong account with one reason, the stock exchange initiated an inspection in accordance with the procedures and found that the reason was not the actual cause of the wrong account. In addition to the other errors discovered during the inspection, the company reviewed and considered them comprehensively. Later, it was decided to fine Yuan Fu Zheng 900,000 yuan.
Xinshou, another subsidiary of Shin Kong Gold, has been undercapitalized since the end of June 2023. However, it has not completed the capital increase according to the financial business improvement plan reported that year, and further improvement plans this year will not be enough to improve RBC’s (capital adequacy ratio) ) returned to legal standards. On the 23rd, the Banking Bureau and Insurance Bureau of the Financial Supervisory Commission fined Shin Kong Financial Chairman Chen Huaizhou and Xin Life Chairman Wei Baosheng to reduce their salaries for one year. Credit or other transactions with interested parties.
The Federal Reserve will not raise interest rates, but will international board bonds replenish their supply? There will be 44 issuances in the first quarter of 2024, totaling US$3.38 billion.
The market expects that the United States will start cutting interest rates in the third quarter of 2024, allowing companies to return to the international bond market. According to statistics from the Financial Supervisory Commission, a total of 44 tranches of international board bonds were issued in the first quarter of 2024, and gold issuance…
2024-04-24 21:43
Stocks and exchange rates both rose!The New Taiwan dollar has risen by 1.08 cents in two consecutive days. Whether it rises above 32.5 yuan depends on these two data.
Hot money returned to Taiwan, spurring the domestic stock and foreign exchange markets to rebound. The New Taiwan dollar exchange rate shook off its weakness. It appreciated by 6.5 cents at the end of the day on the 24th to close at 32.528 yuan, with a cumulative appreciation of 1.08 for two consecutive days…
2024-04-24 19:47
Xinshou’s board of directors resolved to dispose of domestic real estate properties and engage in real estate revitalization
Shin Kong Life has been actively revitalizing its real estate recently and announced on the 24th that its board of directors has resolved to dispose of domestic real estate. In this regard, Shin Kong Gold (2888) stated that Shinshou will conduct regular reviews on real estate…
2024-04-24 19:34
The Financial Supervisory Commission fined Yuanfu Securities NT$900,000 for incorrect reasons for reporting wrong accounts
Yuanfu Securities, a subsidiary of Shin Kong Gold, was fined NT$900,000 by the Financial Supervisory Commission for four major deficiencies, including failing to report wrong accounts based on real errors and failing to separate test and formal environments according to the purpose of the company’s network…
2024-04-24 19:33
Restart Xinxin?Shin Kong’s major shareholder Lin Bohan: It’s not the right time to wait too long.
Shin Kong Financial will hold a board meeting on the afternoon of the 26th. According to the meeting notice issued on the 18th, the agenda includes restarting the feasibility assessment of the merger with Taishin Financial. The major shareholder of Shin Kong Group and the director of Greater Taipei Broadband…
2024-04-24 16:05
The failure of the shareholder approval supervision mechanism calls for an investigation into Ming Evergreen Shipping’s insider trading case
Evergreen Marine’s directors Zhang Guohua and Ke Liqing were recently sued by a lawyer appointed by Starlight Airlines chairman Zhang Guowei for suspected insider trading worth tens of billions of dollars. Shareholder Lin Zhengjiang’s lawyer went to the Securities and Futures Bureau today to report…
2024-04-24 14:31
common 0 then leave a message
- When posting articles or placing tags, you must not make any remarks that are illegal or infringe upon the rights of others. Violators shall bear legal responsibility.
- For comments that are knowingly untrue or excessively emotional and abusive, if reported by netizens or discovered by this website, Lianhe News Network has the right to delete the article, suspend or terminate the membership. If you do not agree with the above rules, please do not post articles.
- For labels that are meaningless, irrelevant to this article, knowingly untrue, or abusive, Lianhe News Network reserves the right to delete labels, suspend or cancel membership. If you do not agree with the above regulations, please do not place tags.
- If the “nickname” involves swearing, swearing, or infringing on the rights of others, Lianhe News Network has the right to delete the article, suspend or cancel the membership. If you do not agree with the above rules, please do not post articles.
More
Tags: Financial Supervisory Commission fined Yuanfu Securities NT900000 incorrect reasons reporting wrong accounts Financial News Sankei
