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Taiwan fines Cathay Securities Investment Trust NT$6 million over Alchip trades

Verifying
  • FSC fined Cathay Securities Investment Trust for illegal related-party investments in Alchip Technologies stock.
  • NT$6 million comprised two NT$3 million penalties under Articles 19 and 56.
  • Cathay Securities Investment Trust liquidated the holdings on January 20 and absorbed compensation costs.
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