U.s. Securities And Regulatory Policy Analysis And Revelation

Since the end of nineteenth century, American securities market had became one of biggest financial market in the wake of American economic dig up and mounted be overlord of world. In the process of developing from weak to strong, securities regulation is guarantee of health development for securities market and policy-making background, primary coverage and pattern of function experienced four phases. Three laws play a vital function in specifying market, confirming frame of law and rights of SEC. However, the regulation of American securities market exposed many problems after Enron accounting scandal in 2002.The curve of the development of American securities regulation is fundamental reason of these issues, just like Alfred Kahn, the major deviser of American air line supervisor, believed that the path of evolution of American regulation system "are not full circle or cycloid that take us to original, but a helix and have a certain direction", therefore a more effective government supervision system will set up after completion of democratic politics and law system.Chinese securities market experienced a huge development during last ten years. At the same time, finance crisis of securities market make securities regulation to be focus, especially the happening of some big illegal activities that reflect different problems of Chinese securities regulation. Thus, it has huge theory value and practical meaning to borrow ideas from relative theory of America which help to solve problems of Chinese securities regulation.