Juristic Study Of Civil Securities Compensation

The spirit and one of the ultimate goals of Securities Law is to protect investors' legal rights and interests for the sake of both economic developments in the long term and push the healthy growth of securities market in the short term. Our securities market has been developing for over ten years, and the cases violating the laws and regulations occurred from time to time. However, the Securities Law places more emphasis on public law than on private law, hence the rights and interests of the mass small and medium investors can barely be protected.Based on the Security Law, Civil Law and relevant judicial explanation from the Supreme Count, this article combines the two fields of entity law and procedure law, analyzing the securities civil compensation regarding fake announcement and under-table transactions. Meanwhile, this article suggests to establish a juristic system combining securities civil lawsuit and arbitrage. It made a preliminary probe to the securities civil compensation system. However, due to the complexity of illegal behaviors in the securities market, it will be a long-term problem for regulators and judges to protect mass small and medium investors rights and interests to the maximum extend.