Research On Tortious Liability Of Misrepresentation In Securities Market

In the stock market,Information is very important in decision-making.But the publisher and the correlated person makes the false information or covers the important information to seek the illegal benefit.the situation very difficultly completely to remove, the investor is at the disadvantage position.In order to protect the investor legitimate rights and promotes investor's confidence,the country must establishand consummate tortious liability of misrepresentation,forces the publisher and other correlation people fully discloses the significant information on time.This article sets out from misrepresentation concept and the characteristic, then introduces tortious liability of misrepresentation ,having theoretically different schools,and explains reason to our country determinated tortious liability system of misrepresentation reason. Meanwhile analyzing the legal important document to tortious liability of misrepresentation on the detail.And referring to American, English, the German securities legislation and the judicial practice,unifying our country the realistic national condition and the judicial practice,puts forward some proposals.