On The Perfection Of Mechanism Of Civil Liability Of False Statement Of Securities Issue

It marks the new period when our country has adjusted the security market through legal means to promulgate " Securities Act " in 1999. Though the securities legal system of our country has stipulated bond publisher and relevant main people to undertake the legal responsibility of violating information- revealing to the public, what it emphasizes mostly is administrative responsibility and only some simple stipulations for civil responsibility. From two aspects of entity and lawsuit, this paper has preliminarily discussed the legal perfect problem of civil responsibility for the misrepresentation from publishing of negotiable securities. This thesis point out that the publisher and sponsors should undertake strict responsibility, and the other persons besides publisher should undertake fault responsibility by deducing .Because we only to prove the existence of misrepresentation and the fact of investor loss. Furthermore, the thesis prefers to perfect the lawsuit mechanism of civil responsibility through perfecting representative-person lawsuit system and carrying out lawsuit-assure system.