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Commission tightens ESG rules to stop greenwashing

Commission tightens ESG rules to stop greenwashing
taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.

KGI fined NT$3 36m over trader s death

KGI fined NT$3.36m over trader’s death LAX CONTROLS: The FSC said the firm failed to catch a trader secretly managing 12 clients’ funds, but did not agree that it set unreasonable demands on employees By Kao Shih-ching / Staff reporter The Financial Supervisory Commission (FSC) yesterday fined KGI Securities Ltd (凱基證券) NT$3.36 million (US$117,676) for poor internal control and lax management after a stock broker, surnamed Lai (賴), allegedly committed suicide in August in Taipei due to huge investment losses. Lai’s death has sparked public concern over KGI Securities’ management, with his family accusing the company of putting undue pressure on its brokers, including encouraging Lai to illegally trade futures for his clients, which resulted in huge investment losses.

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