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Article 37
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Unless otherwise provided by the laws and regulations, a securities firm operating securities business shall not:<br/>1. Provide opinion on the rise or drop of the price of certain securities to induce customers to trade.<br/>2. Agree to or provide any specific benefit or to share losses to induce customers to trade.<br/>3. Provide any account for customers to subscribe to and/or trade securities.<br/>4. Commit false, fraudulent, or other misleading act in providing information of securities to customers.<br/>5. Accept discretionary authorization from customers in connection with the type, quantity, price, and purchase or sale of securities.<br/>6. Accept settlement of customers who use the same account for offsetting purchase against sale or offsetting sale against purchase of the same type of securities. However, this restriction does not apply if the requirements of Article 37-1 are met.<br/>7. Accept settlement of customers who use different accounts for offsetting purchase against sale or offsetting sale against purchase of the same type of securities.<br/>8. Directly or indirectly set up fixed places outside the business premises of the head office or branch office to accept orders for securities trading.<br/>9. Directly or indirectly set up fixed places outside the business premises of the head office or branch office to sign brokerage agreements with customers or settle securities transactions. However, this restriction shall not apply where the FSC has provided otherwise.<br/>10. Accept securities transactions of a customer who has not signed a brokerage contract.<br/>11. Accept any of the company's directors, supervisors, or employees acting as an agent for any other person for account opening, subscription, trading, or settlement of securities.<br/>12. Accept from any person other than the customer themself the customer's instructions for account opening. However, this restriction does not apply if otherwise provided by the FSC.<br/>13. Accept from any person other than the customer themself, or from any agent without a power of attorney issued by the customer, instructions for subscription, trade, or settlement of securities. However, this restriction does not apply when the securities firm, pursuant to a three-party agreement signed jointly between it and the customer and a securities investment consulting enterprise, accepts automatic rebalancing trades automatically executed for the customer through the computer system provided by the securities investment consulting enterprise.<br/>14. Knowingly accept a trading order from a customer who intends to use an issuer's non-public information which may materially affect the price of its stocks or who intends to manipulate market prices.<br/>15. Use the name or account of a customer to subscribe to and/or trade securities.<br/>16. Disclose, other than in response to inquiries made in accordance with laws and regulations, the contents of orders placed by a customer or other secrets obtained in the course of operation of business.<br/>17. Misappropriate securities or funds owned by a customer or temporarily kept under the custody of the securities firm in the course of business.<br/>18. Keep custody for a customer of any securities, funds, seal, or passbook.<br/>19. Directly or indirectly provide funds or securities to customers for settlement purposes without having obtained the FSC's approval to conduct securities margin purchase or short sale business<br/>20. Violate settlement obligations to the securities exchange market.<br/>21. Use personnel other than securities firm personnel to solicit business, or pay unreasonable commission.<br/>22. Other acts in violation of laws and regulations governing securities or orders of the FSC on mandatory or prohibited acts.
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