On Short-term Trading Gains Disgorgement - Review Of The Securities Act Of 47

Disgorgement short-term trading is of great significance for it gains in the prevention of insider trading. This paper discusses the rationality of short-term trading based on its Background and digorgement theory. Furthemore, author will discusse the legitimacy of company's right to exercise disgorgement on insiders short-term trading.For the regulation of non-mainstream object is the object of legal regulation problems, the paper will have a try to solve it by analysising the bases of the person's specific characteristics and behavior. The perpetrator implement various actions intended to avoid the《securities act》47. this paper will find a way to solve this problem through analyzing various pecificactions' charactors and combine with researching the purpose of short-term trading of construction. Besides, this paper classified some exempting-behavior of short-term trading which should be increased. To calculate the gains of short-term trading is one of the focus of this paper. To exercise the issue of the disgorgement of the company, the article discusses the nature of disgorgement, and those to the realization of the right way. In order to implement the disgorgement smoothly, the paper will introduce the successful case in taiwan.