Study On The Legal Regulations Of Fund Manager's Personal Trading

Fund manager's personal trading which conflicts with the benefit of the Fund does not only damage the interests of fund investors seriously, but also violate the principle of equity, erode the investors'confidence, cause a crisis of confidence about the fund industry, ultimately affect the stability and development of the stock market and the whole national economy. The increasingly serious issue about the fund manager's personal trading has aroused extensive attention of the public. And the fund managers' personal trading is driven by economic interests, poor regulation and low cost. However, the current regulation of fund managers did not play a fundamental role. We should change the regulation idea to regulate the personal trading of fund managers. In the prevention mechanism, we should improve the relevant legal system, distinguish the type of fund managers'personal trading, allow the fund manager's personal trading that doesn't conflict with the interest of the investors, and implement the mechanisms of reasonable remuneration and reputation. In the supervision and inspection mechanisms, we should form a regulatory system including the regulation of government, industry association, Fund Management Company and the public. Finally, the accountability mechanisms should include the civil, administrative, criminal legal accountability.