The country’s regulator has taken disciplinary action against CTBC Securities for a series of compliance failures, including allowing non-professional investors to purchase foreign virtual asset ETFs.

Taiwan’s Financial Supervisory Commission (FSC) has imposed NT$600,000 (US$18,255) penalty against CTBC Securities for a range of regulatory violations on 6 November. The violations include accepting purchase orders from non-professional investors for high-risk investment products Based on an inspection conducted between 26 May and 11 June this year, the regulator uncovered five areas of regulatory breaches. The violations include accepting purchase orders from non-professional invest