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The Financial Supervisory Commission (FSC) yesterday sanctioned 10 securities companies over failure to exercise proper information security controls regarding their high-speed trading services. Cathay Securities Co (國泰證券), Concord Securities Co (康和證券) and SinoPac Securities Co (永豐金證券) received the severest fine of NT$1.44 million (US$50,945) each, as they had serious security breaches, Securities and Futures Bureau Deputy Director-General Kuo Chia-chun (郭佳君) told a news conference in New Taipei City. The fines came after the commission conducted a special inspection of the Taiwan Stock Exchange’s information center in New Taipei City’s Banciao District (板橋) in November last year. Securities firms place their servers in the

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