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Article 57
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If a securities firm is in any of the following circumstances, the TPEx may impose a penalty of not more than NT$600,000 on it, and notify it to make supplementation or correction within a time limit; if the securities firm fails to make the supplementation or correction within the time limit, the TPEx may continuously impose the penalty for each time until supplementation or correction is made:
- Failure to make supplementation or correction or to pay a penalty within a time limit set pursuant to the preceding article.
- Two or more instances of warning or penalty imposed under the preceding article within the past half year.
- Violation under the preceding two articles, where the violation is of a material nature such that it adversely affects market trading order or the rights or interests of investors.
If there is another violation of paragraph 1 by a securities firm within the past half year, the TPEx may impose a penalty of NT$1 million.
Dispositions made pursuant to this article shall be filed with the competent authority for recordation.
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