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Article 32
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Unless otherwise provided by law or regulation, a securities firm engaging in proprietary trading of securities on the centralized securities exchange market shall not give a quote for the sale of securities not held by it.<br/>A securities firm concurrently operated by a financial institution that uses its own funds and trust funds in opposing proprietary trades of the same securities on the same day shall comply with the provisions of Article 108 of the Banking Act and report such transactions to the FSC for recordation.
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