being its employee. The SEC's probe into the case also revealed that {B} managed trading account for the client and used the password given by the client to submit trading orders via internet. He

, capital market offers additional fund source in a variety of channels including PE trust which will be an effective solution for both fund raiser and investors as it is managed by professional trust manager

-entities. To utilize the benefit of crowdfunding, the business-entities should be legally established, efficiency managed, and highly transparent. These key factors will enhance the trustworthy of the

and managed money for others by seeking benefits from investment in derivatives. He advertised and solicited investing public to apply for a membership and raised fund from those who became members

managed based on industry best practices. More details on the common standards are found in the Annex.The adoption of the common standards by the Signatories allows fund managers to establish a suite of CIS

Accrued interest expenses 667,953 499,498 168,455 33.7 Other accounts payable 2,126,682 2,924,233 (797,551) (27.3) Legal Execution Department payable 575,380 575,380 0 0.0 Income tax payable and specific

0 0.0 Income tax payable and specific business tax payable 718,534 558,172 160,362 28.7 Other liabilities 3,616,707 4,813,228 (1,196,521) (24.9) Total liabilities 230,789,887 217,787,012 13,002,875

interest expenses 692,732 499,498 193,234 38.7 Other accounts payable 2,232,379 2,924,233 (691,854) (23.7) Legal Execution Department payable 0 575,380 (575,380) (100.0) Income tax payable and specific

accounts payable 3,141,943 2,232,379 909,564 40.7 Income tax payable and specific business tax payable 559,255 854,568 (295,313) (34.6) Other liabilities 5,035,881 4,997,775 38,106 0.8 Total liabilities

Department payable 575,380 575,380 0 0.0 Income tax payable and specific business tax payable 581,812 605,053 (23,241) (3.8) Other liabilities 3,901,764 4,773,014 (871,250) (18.3) Total liabilities 225,040,163