| As sunlight is the best anticorrosion, information disclosure is the effective cure treatment. False statement, however, is all inescapable in the preliminary securities market of China and senior securities market of U.S. Thus, it is a general purpose how to protect the investors' interests, refrain them from securities fraud for all countries. With the opening of Chinese securities market, Chinese government cuts gradually down the direct investment limitation of securities market. It may be inferred that the internalization of Chinese securities is an inexorable trend. The legislation experiences shall be used for reference to perfect legal system and produce a good invest circumstance.The first part of this thesis is preface, where the writing aims is introduced in brief. The second is the theory foundation, in which the false statement is defined. The third thereof is the emphasis and consisted of three chapters: the third chapter introduces the subject of civil obligation, ascertains the scope of due plaintiff and potential defendant; the fourth chapter integrates the principal of civil obligation, and points out the same and exemption from the obligations among different parties; the fifth analyses the causes between all kinds of false statement and the burden of civil obligation. The fourth reads some theories concerning the civil litigation and relevant procedure thereof, in which the author considers the procedure prior to litigation is unreasonable, recommends to construct the group action system with reference to American law to protect investors and struggle against securities frauds. Comparative measure is used in the thesis to consult relevant securities legislation of the developed countries such as America, Japan etc., to construct Chinese securities system. |
