specified in the notification of the Securities and Exchange Commission. In this regard, ERX failed to check the allocated foreign exchange limit prior to executing transactions. Accordingly, ERX conducted

the rules, conditions and procedures as specified in the notification of the Securities and Exchange Commission. In this regard, ERX failed to check the allocated foreign exchange limit prior to

control the system concentration limit not concise and does not manage the mutual fund management program as approved. SEC Act S.117 and 125(1) in conjunction with Section 90 of the Penal Code