| Insider trading on the stock market is a social harm to the public interest, harm the functioning of the securities market efficiency, increase the cost of operation of the market, undermined investor confidence and endanger the safety of the securities market, in extreme cases and even lead to the collapse of the market. During 2013 to 2015, the insider trading case of the Commission Regulatory Commission announcement of 76 penalties, however, the regulatory effect of insider trading on the stock market is not satisfactory, not accompanied by all insider trading adjustment of laws and regulations continue to decline, but present a growth trend overall. In response to this situation, this article from the case, after analyzing the characteristics of the current stock market to "right" in order to improve our insider trading laws and regulations, so the healthy development of the securities market helpful.The paper is divided into four main content in this section, the first chapter as a case study. In the form of icons on the main case from insider trading, insider information, the status quo penalty three aspects to do a simple inductive analysis, and thus the status quo of China’s securities market briefly described, and then further summarized summarizes our current presence in the stock market insider trading main problem.The second chapter of the anti-insider trading laws and system of the present stage of the problems. To issue securities laws and regulations of the proposed status of the securities market is the development of the first chapter of insider trading based, so one correspondence.The third chapter introduces the advanced experience of the United States, Germany and Japan and other developed countries in the stock market insider trading laws and regulations respect, and then extract to China worth learning programs.The fourth chapter has put forward proposals for improving our stock market insider trading laws and regulations by the systematic study described above. Mainly from the legislative and regulatory point of view to the improvement of these two specific demonstration and elaboration. This chapter also where the difficulty and innovation of this article, in particular article 180 of the criminal law to improve and perfect the civil liability section, the paper advocated a change in Securities Insider Trading Regulation "re-light the people," the situation of civil compensation system for system build, making the general public can be a real investor rights protection system, we can not ignore criminal liability and administrative liability. Part in improving the legal liability system, this paper analyzes some of the major academic theory and ideas, which put forward their own suggestions for improving the stock market insider trading laws and regulations.All in all, China’s stock market insider trading regulation needs improvement. View article although there are many shortcomings, but also hope to promote China’s environmental pollution control third-party legal regulation of construction of continuous improvement and progress. |
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