}, without informing the client, continued trading securities in an attempt to recover loss in this account. Also, it was found in the recorded conversation that {A} asked another client for permission to

include, the following matters:  (1) Determination of types and characteristics of investible assets based on principles instead of specific details;  (2) Permission for mutual funds to invest in more

instructions from the clients.  They cannot make securities trading decisions on behalf of clients, regardless of the client's permission. In this regard, the actions of {B} and {A} were deemed as obtaining

such permission.In performing their duty, an investment consultant can send trading orders only when obtaining orders from the clients. Even with the client?s permission; they cannot make decisions on

trading orders only when obtaining orders from the clients. Even with the client's permission; they cannot make decisions on behalf of the client.  In this regard, {A} and {B}'s actions were in violation of

existing shareholders who get permission from Hero Venture. (4) Summary of financial status Financial information as of December 31, 2016 of Hero Experience, which has been audited by its auditor, are as

execution of relevant documents and agreements, as well as taking any actions in connection with the allocation of such newly issued ordinary shares; and (3) to execute applications for permission and waiver

.   ______________________ Note:   *Regulatory Guillotine refer to a rapid, transparent, and low-cost method coupling with stakeholder participation to review existing laws and

investors.However, SEC intends to amend the regulations to give permission for asset management companies with a custodian services to protect investors’ asset  and stringent supervision on asset separation to keep

. Asset management companies also appoint custodians approved by SEC to safely keep the assets of investors.However, SEC intends to amend the regulations to give permission for asset management companies