FSC: Taishin Securities' Incorrect Transaction Amount Still Being Clarified; Failure to Report by Deadline May Result in NT$100,000 Fine
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.
📋 Article Processing Timeline
- 📰 Published: April 16, 2026 at 19:23
- 🔍 Collected: April 16, 2026 at 19:32 (8 min after Published)
- 🤖 AI Analyzed: April 19, 2026 at 00:22 (52h 50m after Collected)
(Central News Agency, Taipei, April 16) Following the merger of Taishin Securities and Yuanta Securities on April 6th, the trading system experienced an abnormal situation, with an estimated total of approximately 9,000 incorrect transactions. The amount of these incorrect transactions is reported to be as high as NT$1.7 billion. The Financial Supervisory Commission (FSC) stated today that Taishin Securities is currently confirming the transaction details with customers one by one, and the actual amount of incorrect transactions is still under clarification. Furthermore, due to the failure to complete the reporting of incorrect transactions within the deadline, the company has violated regulations, and the Taiwan Stock Exchange may impose a penalty of less than NT$100,000 in liquidated damages.
After the merger of Taishin Securities and Yuanta Securities on April 6th, the system experienced frequent issues. Taishin Securities explained today that the total estimated number of incorrect transactions is approximately 9,000. Taishin Securities has pledged to fully assume any losses incurred due to the reversal of incorrect transactions, ensuring that customer rights are not compromised.
Huang Hou-ming, Deputy Director-General of the FSC's Securities and Futures Bureau, stated at a regular press conference that Taishin Securities is currently confirming the transaction situation with affected customers one by one, and the actual number and amount of incorrect transactions are continuously being reported. If discrepancies arise between the parties regarding transaction details, they will be handled through the dispute resolution mechanism by the Arbitration Center.
Media outlets questioned that the system anomaly occurred on the 14th, which has already passed the 'T+2' settlement period, and according to regulations, incorrect transactions should have been reported by 10 AM today. Huang Hou-ming pointed out that the inability of the company to complete the reporting within this period violates the Stock Exchange's regulations, and the Stock Exchange may impose liquidated damages of less than NT$100,000.
Regarding the Stock Exchange's investigation progress, Huang Hou-ming stated that Taishin Securities experienced slow system response on April 7th due to database performance overload. Subsequently, on April 14th, a system program abnormality occurred, causing a pause in transaction report times, leading many investors to place duplicate orders and resulting in incorrect transactions. The Stock Exchange had previously dispatched personnel for an investigation, but due to the incident on the 14th, the Stock Exchange will investigate and clarify the full picture together.
When asked about potential penalties and how to prevent future issues at securities firms, Huang Hou-ming explained that they will await the Stock Exchange's investigation results. After clarifying the cause and effect, they will impose sanctions based on the reasons for the abnormality, the extent of the impact, and the circumstances. Subsequently, they will supervise the Stock Exchange to strengthen the cybersecurity supervision of securities firms to prevent similar situations from occurring again.
Regarding incorrect transactions causing customer default in payment and delivery, Huang Hou-ming pointed out that Taishin Securities will not report investors for default in payment and delivery. Currently, the Stock Exchange has also reported that no customers of Taishin Securities have defaulted in payment and delivery. (Editor: Pan Yijing) 1150416
Stand with the truth. Your sponsorship is the power to protect news freedom.
Download the CNA 'First-Hand News' APP for real-time updates.
This website's text, images, and videos may not be reproduced, broadcast, transmitted, or used without authorization.
After the merger of Taishin Securities and Yuanta Securities on April 6th, the system experienced frequent issues. Taishin Securities explained today that the total estimated number of incorrect transactions is approximately 9,000. Taishin Securities has pledged to fully assume any losses incurred due to the reversal of incorrect transactions, ensuring that customer rights are not compromised.
Huang Hou-ming, Deputy Director-General of the FSC's Securities and Futures Bureau, stated at a regular press conference that Taishin Securities is currently confirming the transaction situation with affected customers one by one, and the actual number and amount of incorrect transactions are continuously being reported. If discrepancies arise between the parties regarding transaction details, they will be handled through the dispute resolution mechanism by the Arbitration Center.
Media outlets questioned that the system anomaly occurred on the 14th, which has already passed the 'T+2' settlement period, and according to regulations, incorrect transactions should have been reported by 10 AM today. Huang Hou-ming pointed out that the inability of the company to complete the reporting within this period violates the Stock Exchange's regulations, and the Stock Exchange may impose liquidated damages of less than NT$100,000.
Regarding the Stock Exchange's investigation progress, Huang Hou-ming stated that Taishin Securities experienced slow system response on April 7th due to database performance overload. Subsequently, on April 14th, a system program abnormality occurred, causing a pause in transaction report times, leading many investors to place duplicate orders and resulting in incorrect transactions. The Stock Exchange had previously dispatched personnel for an investigation, but due to the incident on the 14th, the Stock Exchange will investigate and clarify the full picture together.
When asked about potential penalties and how to prevent future issues at securities firms, Huang Hou-ming explained that they will await the Stock Exchange's investigation results. After clarifying the cause and effect, they will impose sanctions based on the reasons for the abnormality, the extent of the impact, and the circumstances. Subsequently, they will supervise the Stock Exchange to strengthen the cybersecurity supervision of securities firms to prevent similar situations from occurring again.
Regarding incorrect transactions causing customer default in payment and delivery, Huang Hou-ming pointed out that Taishin Securities will not report investors for default in payment and delivery. Currently, the Stock Exchange has also reported that no customers of Taishin Securities have defaulted in payment and delivery. (Editor: Pan Yijing) 1150416
Stand with the truth. Your sponsorship is the power to protect news freedom.
Download the CNA 'First-Hand News' APP for real-time updates.
This website's text, images, and videos may not be reproduced, broadcast, transmitted, or used without authorization.