Sanction on Horizon Securities Co., Ltd. for Violation of F......

1. Date of sanction: August 21, 2026
2. Object of sanction: Horizon Securities Co., Ltd. (hereinafter referred to as Horizon Securities)
3. Legal basis for sanctions: Article 26 of the Standards Governing the Establishment of Futures Commission Merchants.
4. Facts of violations: Horizon Securities engages in futures proprietary trading on a concurrent basis and used operating funds allocated by its futures proprietary trading department for the futures transactions conducted by its securities proprietary trading department for spot hedging purposes. Its operations and accounting were not independent, and it was therefore found to have violated the laws and regulations governing futures management.
5. Result of the Sanction: Pursuant to Subparagraph 2, Paragraph 1, Article 119 of the Futures Trading Act, Horizon Securities was imposed a fine of NT$120,000.