The securities amendment act was passed in the Legislative Yuan on June 30, 2000 after eight years and one month long reviewing. This amendment act add some new rules to set out the rights and obligations of the securities markets. But it also made a serious argument that is the amendment act Has abolished the article 155-1-b market manipulation (wash sale) sanction regulation. For maintaining the regular functionality of the stock market operation and protecting the public investors. Every country’s the set up the market surveillance system and her securities law provide for a variety of governmental sanctions against those who violate their prohibitions. Because the trading markets for securities are uniquely susceptible to manipulative and deceptive practices, all securities laws contain general antifraud provisions. So this paper is a brief discussion of the principles legal issues relating to the abolishment of the wash sale manipulation sanction regulation .