The Regulation Of Insider Trading In Company Acquisition

Insider trading as a kind of typical securities fraud, has been accompanied by the development of the securities market, with capital market continuous improvement and strengthening of global economic integration, the company acquisitions have been ongoing. With our m&a produce the scale effect, the listed company's profit level and asset quality are greatly improved, m&a is playing an active role in the adjustment of industrial structure, optimize the allocation of resources, improve the international competitiveness and its increasingly become China's national economy adjustable structure, promote development way, turn the important platform. But at the same time, and the accompanying is the insider trading case company acquisitions happened frequently.At present, the research on regulation in insider trading about company acquisitions is relatively small, which makes the acquisition of insider trading lags behind on regulation systems and its principle and can not be adapt to the frequent inside trading in current large-scale M &A.this paper is based on the comparatively mature insider trading theory, in combination with characteristic and the status quo of Chinas insider trading in company acquisitions, to explore Suggestions on insider trading regulation of company acquisitions, and expect to give some useful Suggestions in insider trading regulation on company acquisitions in our country. The paper divides into three parts.The first part,on the basic theory of insider trading, I sorted out and done some necessary analysis about the concept, the necessity of insider trading in company acquisitions and the core components of the insider trading on company acquisitions.The second part, introduces the principle of insider trading regulation, and the the world's major economies insider trading on company acquisitions, and at the same time introduces the laws on regulation in company acquisitions and its characteristics of our country, so as to make perfect proposed acquisition of insider trading for referenc.The third part is the center of the article and is also the focus of this paper, by improving the acquisition of insider trading regulations in the proposal. Were acquired from the company of insider trading in the core elements of the main body of insider trading, the company acquired insider information and disclose or abstain rule, or the banning of public principle, the principle of presumption of fault, the establishment of reward systems, and increase administrative punishment such as civil, administrative aspects of the improvement has done.