Study On A Self-Discipline Mechanism Of Securities Dealers-Chinese Wall

"Chinese Wall"is an important system in the UK and US securities law. It is of prominent practical significance to the development of securities market: on one hand, it can settle the problems of insider trading and conflicts of interest happened in the course of securities business, enhance the level of internal manage of securities dealers, and finally insure the securities business to be carried out in a well-balanced way; on the other hand, it provides a philosophic innovation for the securities regulation, indicating that inspiriting the positivism of securities dealers is an effective way to achieve the goal of securities regulation. At the present time, Chinese Wall is widely applied in the UK and US securities markets. For our country whose securities industry is still immature, this system can provide us with some useful experience.Follow the clue of"self-discipline", this article carries out a deep discussion on the subject of Chinese Wall. After a detailed introduction and analysis of it, the writer expatriate the significance it brings to our country. Besides preface and conclusion, this article is divided into four parts:Chapter 1: Summary of Chinese Wall. This chapter introduces and analyzes the Chinese Wall system in a macroscopical viewpoint, including its meaning, character and evolvement in the UK and US securities law. The main purpose of this chapter is to provide a clear outline of the Chinese Wall system.Chapter 2: Specification of Chinese Wall. Based on chapter one, this chapter carries out a specified discussion about this system in a microcosmic viewpoint. At the same time, the writer uses some relevant theories to do deep discussion. The content of this chapter includes three parts; they are"self-discipline body","self-discipline functions"and"self-discipline measures and procedures"of Chinese Wall. Among them, the"self-discipline functions"of Chinese Wall is of the most importance.Chapter 3: Comments on Chinese Wall. This chapter mainly provides some remarks about Chinese Wall. It first comments on several prominent problems raised when applying this system, such as"Chinese Wall and the collectivization of the securities dealers","Chinese Wall and the protection of investor interests"and"the applicable scope of Chinese Wall". It then analyzes the advantages and disadvantages...