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Hua Nan Securities is indeed regulated by the Taipei Exchange (TPEx), which ensures that the company follows the necessary regulations for securities firms operating in Taiwan. The TPEx provides oversight for securities trading, which assures me that Hua Nan is operating within a structured and legally compliant environment. TPEx’s role is crucial for me as an investor, as it ensures that the company adheres to rules regarding transparency, investor protection, and market integrity. As someone who prioritizes regulatory oversight, knowing that Hua Nan is licensed under TPEx gives me a sense of security that the firm is required to maintain high standards in its operations. However, while the TPEx regulation offers a good degree of safety, it's important to note that it is specific to the local market in Taiwan, and it may not offer the same level of protection as regulations from international authorities such as the Financial Conduct Authority (FCA) or the Securities and Exchange Commission (SEC). This raises a point of caution for me, particularly if I plan to invest in foreign markets or engage in cross-border transactions.