The Research On The Crime Of Securities Insider Trading

Insider trading, as an unlawful act, which emerged with the securities market, has caused distress to the Securities Market. In 1930s, America began to pay attention to the safety of the Securities Market, take strengthening measures to regulate the act of the Securities Market's subjects, and make out the crime of insider trading. Because of increasing scandals of insider trading exposed to the public in 1970s, people began to realize the perniciousness of insider trading and countries of the world tried to use the criminal punishment to combat such acts. The crime of insider trading have been introduced to Criminal Law in 1997 in China and the acts of insider trading performed at almost every minute in our Securities Market, but few of them have been prosecuted due to the imperfect of relative regulations to insider trading and the uncertainty of the victims.In order to perfect China's criminal legislation about the crime of insider trading , the author will define the concept of"securities","insider information"and"the crime of securities insider trading"first, and then analysis the theoretical and realistic basis of the crime of securities insider trading, enumerate other countries'regulations to the crime of securities insider trading, summarize the legislative model and the developing trend of the crime of securities insider trading, and will focus on the constitute and the punishment of the crime of securities insider trading. The aim of this thesis is to perfect the legislative model, the constitution and punishment of the crime of securities insider trading by the study method of comparison and induction.