The Case Analysis About EVERBRIGHT Securities Company Suspected Of Insider Trading

Today, Because of China’s securities market is still in its stage ofdevelopment, Various relevant system is not perfect, especially in the stock tradingand market supervision. The securities market also has many system blank especiallyon Law, which can cause a kind of dangerous phenomenon that the market main bodywould like to get illegal profits by taking advantage of "the system or legalblank",which make broad investor losses a lot. the securities "oolong means" is atypical representative of the system or legal blank," Oolong means" in stock "refers toa kind of social phenomenon that the stock traders, traders and investors have buy andsell stocks such as the qualification of the main body, in the process of stock trading,due to the subjective negligence or securities operating system failure on the price,quantity, sales direction there is an error, the error produced the butterfly effect,caused by single or multiple stocks appear the phenomenon of instantaneous momentjumped or fell, which in turn bring great influence of the whole stock market.With the rapid development of the securities market in China, securities market"oolong means" cases frequently appeared in the world. This article select the famousadministrative lawsuit called the Charges against EVERBRIGHT securities Co., LTDalleged to implement insider trading as the most important part of the Graduationthesis. The significant of the dispute was caused by the Oolong trading event ofEVERBRIGHT securities Co., LTD On August16,2013,which led to The most severeadministrative penalties against EVERBRIGHT securities Co., LTD and its DirectlyResponsible Individual form The China securities regulatory commission. In order tofully excavate analysis and research value of the case, Some representative anddebatable issues will be discussed in comprehensive and in-depth way In this paper.On the basis of the fully Analysis of the four main disputes form the trial,we willexplore the fundamental problems of the insider trading, Including the cognizance ofinsider information, the constitutive requirements of insider trading behavior, thecompensation problem analysis of EVERBRIGHT securities and the investors,mandatory information disclosure obligation of Securities of listed companies,theimplementation conditions of neutral strategy,which called the unique risk preventionand control mechanism of The securities of listed companies, Then analyze that thehappen of oolong case caused by EVERBRIGHT securities Co., TTD has two main reasons: EVERBRIGHT securities weak internal risk control system and poorregulation of securities regulators. Finally, the author put forward own proposalsabout how to perfect our securities supervision system, hoping that China’s securitiesmarket is no longer "oolong means" frequently happened area.