The Law Analysis On The Protection For The Securities Investors’ Rights And Interests

In the field of securities and finance, the protection of investors, especially small andmedium-sized investors protection is the essential research, meanwhile aims of the capitalmarket supervision and practice in various countries, are also of great significance for theprotection of investors. Macroscopically, to protect the legal rights of investors can reducecapital market information asymmetry, can improve the efficiency of capital market,furthermore to promote economic growth and social overall welfare improvement. The legalsystem, as the national formal system, has great advantages in terms of scale economy, stableexpectation, wide use, mandatory enforcement over other systems, therefore is the mostimportant system to protect investors.This paper with the target for the process of the issuance of securities informationdisclosure, analyzing the effective protection of Securities investors’ legitimate rights andinterests, introducing the issuance information disclosure, putting forward the specificprotection measures for investors of this stage in our country.This article divides into five parts, total approximately26000characters.The first part is the main points of the securities issuance system, securities informationdisclosure system, the necessity for the issuance of securities’market information disclosurebesides brief explanation of securities investors.The second part briefly introduces the systems for securities investors’ rights and interestprotection and securities issuance information disclosure.The third part mainly compares the registration system with approval system in the formof different securities issuance regulatory pattern protection, analyzing whose respectiveadvantages and disadvantages.The fourth part carries the theoretical analysis on introducing the securities issuancepattern for investors and current information disclosure in our country.The fifth part is the researching conclusion, which chiefly talks from the perspective ofsecurities issuance process for information disclosure, proposing measures and relevantreflections to perfect securities investors’ rights.