The Research Of Several Legal Issues On Securities Investor Protection Fund

In any country's securities market, the market investors are the cornerstone for the survival. The protection of the investors rights and interests decided the prosperity and development of the stock market, but the prosperity directly affect the quality and speed of the country's economic growth . So investors theory has always been the research focus to all countries academic fields. For the different stage and regulatory approach between different national and regional securities market,the Securities Investor Protection Fund was established differently and its modes of operation are also based different, but its basic purpose and function are the same, namely stabilizing the market and safeguarding financial security to create a good investment environment. From the perspective of comparative law, the theoretical feasibility studies, analysis of the law, this assay is to introduce such important issues as the establishment, management and compensation of investors protection fund in the western developed countries and China's Hong Kong and Taiwan .we strive to find the development rules and trend of the Securities Investor Protection Fund and combined with the development of China's securities investors protection fund we can bring related legislative proposals.Member of the Securities and sources of funds is the cornerstone of investor protection fund. The successful experience in developed Western countries and China's Hong Kong and Taiwan has played a positive reference to improve China's protection of the Fund's membership and fund adequate funds.Of the regulatory and operational mode in Securities Investor Protection Fund, China's choice is subsidiary mode. This is in line with the inevitable choice of China's national conditions, but from the long-term development perspective, the independent operation mode can show China's market economy development law.The core content is the compensation mechanism of investor protection funds. States securities investors protection fund has specific provisions to the compensation scope and the limit, and build a reasonable mechanism to protect the proceedings.Though China's compensation mechanism has referenced foreign legislative experience, it hasn't formed a system and adequately responded to China's specific national conditions. It can't also play the desire effect on the protection of small and medium investors.