Civil Liability On The Securities Law Research

Structure of illegal activities of security market, go through from" loose" to the" urgent course" in the western countries. In the initial stage of western security market development, it is the economic thought of the allowing unrestrained freedom that is adopted on the security market. Do not interfere the false illegal activities of stating etc.. Cause the false illegal activities of stating, rigging the market etc. to prevail. Have influenced the stability of the security market and investors' confidence greatly. And cause the great collapse of the security market of 1929 finally. Securities Law begin and enter and rigorously enforce legislative era , perfect civil liability of Securities Law gradually after this. The securities trading adopted the centralized unexpectedly price and brought together and finished automatically by the electronic computer, In a situation that investers are numerous, the price of securities trading is fast changing difficult to confirm victim and calculation of civil liability at the Securities Law compensate the number. Legislate and difficult problem of practice should become people neglect reason of civil liability of Securities Law. The lessons drawn from others' mistakes, the security market that the western countries go through develops confusion in initial stage , Should let we perfection of civil liability in Securities Law pay more concerns. Though, security market is unstandard, do not arise from a certain reason. But have security market that civil liability ensures guarantee that it is an unstandard security market. To investigate that fills in victim's losses civil liability of Securities Law, establish the confidence to the security market of investor, Stabilize the order of the security market.