authorization that {A} had obtained  to make securities trading decisions on the clients' behalf.In performing their duties, investment consultants  can send trading orders only when obtaining instructions from

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

responsible for the operation of the reporting entity?s orders or action, failure to give instructions or perform their duty, such person may also liable to the penalty under the said Acts.SEC Secretary-General

formulas, Production procedures and techniques, Production chart, Tool Standard, Standards of raw materials, Experimental analysis and control, Procedures and methods, Factory layout design, Equipment design

same way of sales, but increase in less portion of sale increase. So it seem that this decreasing of cost of sales or increasing of gross margin was due to (a) the company had developed new formulas with

, 2011. According to the agreement, Hwa Fong Rubber Industry Co., Ltd. may provide technical information to the company including design standards, Technical specifications, Production formulas, Production

technical information to the company including design standards, Technical specifications, Production formulas, Production procedures and techniques, Production chart, Tool Standard, Standards of raw

trading decision and informed the client afterward. Examination on records of investment advice, trade order instructions and confirmations indicated that the client's instruction was unclear as certain

Constructions (2) Registration of 100 drugs formulas (54 formulas for human medicine and 46 formulas for animals) owned by the seller (3) Registration of special drug formulas, consisting of 12 formulas including

such trading.In performing their duties, investment consultants can send trading orders only when obtaining instructions directly from the client.  They cannot make decisions on behalf of clients