The Study Of Securities Arbitration System

Securities arbitration is a kind of settlement for securities dispute, and the application of the arbitration system in dealing with them. It is one of commercial arbitrations, but it possesses many features different from others. Securities arbitration system shows its superiority over traditional dispute solutions like proceedings. In that way, it proves its value theoretically.From the practical point of view, the system has been widely used in developed stock markets like America, and has played a tremendously important role in resolving market disputes timely and efficiently, stimulating sound development of stock markets, and operating itself normally. By means of focusing on investigating securities arbitration system in America, we found that we can absorb useful and valuable experience from such aspects as its notion, flexible design, supervision and so on..Presently China has carried out such system, but status quo is not so satisfactory, mainly lying in few stock disputes submitted to arbitrations. On the one hand, the system itself has some certain drawbacks, which directly influenced its development. On the other hand, we fail to provide a good external environment for its development due to lack of enough attention, lack of recognition of its superiority, and lack of proper promotion and popularization.To perfect our securities arbitration system, we should make full use of advanced experience of the United States, and meanwhile consider our national reality. For its speciality, we should establish values to protect interests of investors, formulate flexible, practical rules and regulations, take effective actions for supervision, and enhance its promotion and popularization.