On The Criminal Regulation Of Insider Trading

Harm of insider trading on the stock market is serious, in recent years the crackdown on insider trading is increasing gradually. However, China still exist many problems in the construction of legal system against insider trading. System of legal regulation of insider trading includes administrative regulation, civil regulation, and criminal regulation. Because the inherent defects of Administrative regulation and the absence of civil regulation make criminal regulation important in the local environment. Criminal regulation is made up of criminal policy, criminal legislation, criminal investigation, prosecution and trial, all of what become a unified system. In the regulation of insider trading, design and operation of the whole system is linked together. The loose policy, the lagging legislation, the slow criminal investigation, the localization of prosecution and trial organs, these problems are perplexing criminal regulation system to play the role. Therefore, the severe criminal policy, the improvement of legislation mode, coordination of administrative investigation and criminal investigation, the specialized staff of prosecution and trial, the organs of which should be managed vertically, all these measures will contribute to the perfection of criminal regulation system. Thus it will be more efficient against insider trading.