If government officials or their wives can speak freely about the TAIEX's prospects, why are investment professionals forbidden to disclose their opinions? the executive asked.
Another executive of a securities house, who also requested to remain anonymous, was equally critical of the SFC's stance that foreign analysts should keep quiet.
"The regulatory concept of these officials is out-of-date. What they really should be concerned about is whether anyone is manipulating stock prices with money and action," the executive said.
"In a free and open market, everyone should be able to speak freely, especially investment professionals. When the market is getting more information and there is transparency, it would be harder for anyone who attempts to manipulate stock prices or conduct securities fraud."
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