Legal Research On Manipulation Of Stock Exchange Market

Manipulation of stock exchange market is a serious tort which twists price system, damages the legal rights and interests of the investors and breaches the equity of the stock market. This article researches on manipulation of the stock market and focuses on the supervision of it. Adopting the analysis including comparative law, positive jurisprudence, social jurisprudence, economic jurisprudence and the related theories of economics, this paper introduces and evaluates foreign and the domestic relative legislations on manipulation and gives two explanations against manipulation from the aspects of economics and law. Then the paper gives a clear concept of manipulation and divides it into three types according to the objective behavior. Meanwhile, based on analysis of particular reasons and characteristics of manipulation of Chinese stock exchange market, this article discusses the mechanism of prevention and relief of manipulation .The most important subject of this paper is to study manipulation of securities exchange market of China. Especially with illegal actions of fund becoming increasingly grievous, how to make fund perform in a virtuous way and realize profits fairly and open especially need to be attended to. Further more, this paper expatiates a series of aspects of measures theoretically and empirically, aiming to bring forth a positive and effective preventive mechanism, in order to control manipulation at its initial stages. Besides, the system of the Chinese market manipulation's civil liabilities is far from enough to protect the investors' interests. Therefore, this paper discusses constructive conditions and the methods for improving civil liabilities and class action procedure of manipulation. Six parts are contained in this paper as following: Chapter I will introduce the value of this paper and the researching way.Chapter II will summarize the fundamental theories of manipulation.Chapter III will give a clear conception of manipulation and classify it into three types.Chapter IV will deal with the preventive mechanism of manipulation.Chapter V will analyze civil liabilities of manipulation as mechanism of relief.Chapter VI draws to Conclusions.