Research On Legal System Of Securities Information Internet Disclosure Regulation

Network technology inject a lot of fresh blood for the securities market, securities information disclosure system has also ushered in the era of profound change after the paper appeared the electronic prospectus, online road shows, multimedia information and other new manifestations. Network security has disclosed a wide range of information disclosure, timely and strong, low cost, interactive, international and other advantages greatly facilitates the stock market all participants.network technology raised new problems for securities regulators, such as network security easy to tamper with the characteristics of information exists to reduce the illegal publication of false information costs, increased security regulatory supervision difficult; explosion of information network security information dilutes the real value the publication of the majority of investors to increase the difficulty of selecting and screening; network has a very strong and quick nature of the hidden, illegal use of these features are easily vigorously engaged in network fraud, in addition to the network's own security problems and other securities regulatory bodies are needed governance network problemsChina's securities market at the stage of development, securities information disclosure in the network based technical support and legal norms are inadequate, for example, there is no uniform electronic securities information disclosure system, there is no information to establish a sound network security disclosure system and securities regulators regulatory philosophy is too old and inadequate supervision in place, all of which caused our current disclosure obligations of public securities were not adequate and timely.In order to improve the security information disclosure of the Internet, we should establish specific legislation to regulate. First, the construction of network technology should strengthen legal protection, such as the establishment of electronic securities information disclosure system to enhance the level of the law, by issuing a series of regulations to protect the development and popularization of the system; Secondly, to strengthen supervision and securities regulatory bodies, such as the establishment of specialized monitoring team to improve regulatory efficiency, and expand the scope of regulation and so on.