Individual Investor Protection Of Mutual Fund Under The Perspective Of Information Disclosure

With residents wealth more and more quickly transferring to the capital markets,public funds, as one of the most important means of wealth allocation, are attracting numbers of people. Public funds are in an emerging formats in China, the rights of individual investors are difficult to be protected due to the applicability of the current law, such as manipulating the regulation and ignoring the rights of individual investors. This dissertation mainly stated the perspective of information disclosure regulation and market participants in the game, and the perspective of the market game and individual investors self protection, based on more mature market being constructively to the interests of the market, and gradually reversing the traditional financial management model of financial management. The dilemma in for information disclosure recommendations proposed, this article mainly based on the below premise. First of all, the current regulation on the conception for the demand in the economic operation of capital markets is including the industry objectively is ignorant of protection for individual investors in the micro level; the aim of the regulatory conception, is not to ignore the interests of individual investors, but to assume individual investors as "vulnerable groups" whose rights have been damaged(including self abuse). From the perspective of financial security, the supervision is always careful to avoid systemic financial risk, but regulation, institutional investors,intermediaries, and individual investors taking participation in the imperfect game cause the individual character coercing the whole market, lead to the fund fanaticism and the so-called "government bail-out" again and again. Secondly, the article discussed legal protection on the feasibility of rights which should be considered to achieve, the judicial cost, and the respect for the market rule. In the recommendation part, this article focused on the market self shaping, and gradually eliminating strong regulatory control excessive thinking. The method to work out the problem is to the introduction of consumer protection provisions, the establishment of a transaction hierarchical system, the sale of a regulatory ban on the establishment of large datamonitoring system, and the Internet sales fund gradually releasing.