The directors, supervisors, or employees of a securities dealers association may not engage in any of the following conducts:
- To directly or indirectly engage in securities transactions by using information learned as a result of his or her position.
- To disclose any confidential information acquired as a result of his or her position which is not in response to an inquiry undertaken pursuant to laws and regulations.
- To do any falsehood, fraud, or other action sufficient to mislead others while engaging in business matters related to securities transactions.
- To otherwise violate securities laws and regulations or of any requirement or prohibition set out by the FSC.