What specific law did the pen drive inventor violate?

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The Pen Drive Inventor Violated Taiwan's Securities and Exchange Act

Datuk Pua Khein Seng, the inventor of the pen drive and founder of Phison Electronics Corp, has been convicted of violating Taiwan's Securities and Exchange Act. This conviction was handed down by a Taiwan district court on October 29, concerning a case that originated in August 2016. Pua is currently seeking to appeal this judgment.
Violation of Securities and Exchange Act

The conviction specifically relates to Pua's alleged violation of Taiwan's Securities and Exchange Act. The case, which began in August 2016, culminated in the October 29 guilty verdict by a Taiwan district court. Pua, who is 47 years old, has expressed regret over the judgment and is in discussions with legal counsel regarding an appeal to a higher court.
Context of the Case

According to reports citing a statement from Phison, the circumstances leading to the legal proceedings involved a "special business arrangement" made by Pua in response to the intense competition during the 2008 financial crisis. At the time, Pua held control over multiple companies. Phison has stated that this arrangement was made in the company's long-term interest and did not negatively impact its reputation or financial stakes.
Company's Stance and Appeal Process

Phison Electronics Corp has indicated its support for Pua's appeal, asserting that the business arrangement was intended for the company's benefit. The company also mentioned its cooperation with Taiwan's financial regulators, including revisions to its financial reports, and stated that no irregularities were found. Phison's board members have collectively discussed the court's judgment and are supportive of Pua continuing his leadership role. Consequently, Pua intends to proceed with an appeal to the second instance court and engage in further settlement discussions with the Securities and Futures Investors Protection Center.

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What specific law did the pen drive inventor violate?

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