Taiwan’s Financial Supervisory Commission (FSC) has penalized Cathay Securities Investment Trust Co. with a NT$6 million (approximately US$190,000) fine due to a conflict of interest stemming from former Bank of Taiwan Chairman Kuo Ming-chien’s outside employment. Kuo held a concurrent position at the investment firm, violating regulations designed to prevent conflicts between financial institutions. The FSC has ordered Cathay Securities to reduce three of its business operations as part of the disciplinary action. This decision underscores the regulator’s commitment to enforcing rules about executive outside activities and maintaining market integrity. The case highlights increased scrutiny of senior banking officials taking on additional roles in the financial sector. The FSC aims to prevent potential misuse of confidential information and protect investor interests. This action sends a strong message to the financial industry regarding compliance with ethical and legal standards.