Regulations Governing Securities Firms Article 44
When a securities firm accepts brokerage orders to trade securities, it shall not use information obtained from a brokerage trading order to take the opposite side of the same trade in its own proprietary trading. However, this restriction shall not apply when, in the course of conducting over-the-counter trading of securities, it sells according to its quoted price, and simultaneously quotes to buy.
中文原文 證券商管理規則第44條
證券商於受託買賣時，不得利用受託買賣之資訊，對同一之買賣為相反之自行買賣。
但因經營在其營業處所買賣有價證券業務，依其報價應賣，並同時申報買進者，不在此限。
但因經營在其營業處所買賣有價證券業務，依其報價應賣，並同時申報買進者，不在此限。