According to the Central News Agency, Pocket Securities announced today a suspension of stock trading orders. The Financial Supervisory Commission (FSC) stated that while the firm's daily limit is 4.77 billion TWD, orders reached 6.139 billion TWD this morning. The Taiwan Stock Exchange will investigate, and the FSC may impose administrative penalties if internal control violations are found. This is the first time a brokerage has been forced to stop trading due to hitting this limit. The company clarified it was not a system crash but a result of high trading volume. Deputy Director-General Huang Hou-ming of the Securities and Futures Bureau explained that the firm's limit was calculated based on its net worth. The FSC is currently assessing the impact on clients and will ensure their rights are protected.

FACT BOX

  • Source: CNA (Central News Agency)
  • Category: finance_news