Study On Ligal Issue In Security Over The Counter Market

The incorporated company is the typical model form of modern business enterprise, ownership of a share fluxion is it the most important characteristic.Is a listed company or a non- listed company regardless, its ownership of shares all need to circulate. Security over the counter is based on appearance of security and development ofsecurity market. Securities market includes market inthe field and over-the-counter (OTC) market. Because of the increase in types and scale about security anddevelopment of security market, stock exchange was produced. But the merely stockexchange can't satisfy the need of multi-types exchange . OTC market is playing an importantrole in this. The flourishing nation of the stock market became the stock market system of multilayers generally, stock certificate field diplomacy the easy market is flourishing and complete. Our country stock certificate field diplomacy the easy history is shorter, comparing a very big margin with the flourishing nation of the capital market, our country should draw lessons from the advanced experience of the flourishing nation of the capital market well, with company law and Securities Law of emendation for our country stock certificate field the development with easy diplomacy bring of chance, perfect our country stock certificate field market with easy diplomacy is go to multi-layer stock market system of construction.The research on the theory of OTC market in foreign countries is more mature. But in the our country, the scholars less concern field market with easy diplomacy, our country currently research concerning field market with easy diplomacy is an economics basically of, but seldom as to it's does someone carry on a research from the law angle.In our country, The writer will discuss the OTC market from the view of law, in order to seek advices of those who specializes in the theory of the OTCmarket.Research with contrast is used in this article. Legal system of over the counter in such foreigncountries as American, Japan and Taiwan gives the reference to the...