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FSC: Taishin Securities' Incorrect Transaction Amount Still Being Clarified; Failure to Report by Deadline May Result in NT$100,000 Fine

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After the merger of Taishin Securities and Yuanta Securities on April 6th, the trading system experienced an anomaly, resulting in an estimated 9,000 incorrect transactions. The amount is still being clarified. Failure to report the incorrect transactions by the deadline may lead to a penalty of less than NT$100,000 from the stock exchange.

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Frequently Asked Questions

Q: What issues occurred with the merger of Taishin Securities?
A: After the merger with Genfu Securities on April 6, an anomaly occurred in the trading system, resulting in approximately 9,000 accounting errors.
Q: Will customer losses due to accounting errors be compensated?
A: Taishin Securities has promised to fully cover the loss amount resulting from the reverse write-offs due to accounting errors, to protect customer rights.
Q: Why is there a possibility of a fine?
A: Due to the failure to complete the reporting of accounting errors within the prescribed period, there is a possibility of a fine of up to 100,000 yuan for violating the regulations of the Taiwan Stock Exchange.