On The Legal Status Of Intermediary Agencies In The Public Offering Of Stocks

A securities intermediaries is a bridge connecting issuers and securities investors.As an independent third-party service organization,securities intermediaries act in a diligent manner in the public issuance of stocks,and issue professional reports based on their professional capabilities.Disclosure of issuer information,securities investors determine their ultimate investment intention based on the trust of intermediaries,securities intermediaries rely on their professional reputation capital to hold the first pass for the majority of investors,is in the securities capital market"Janitor"also provides sufficient impetus for the steady development of the securities capital market;however,with the continuous development of the society and the securities capital market,the corresponding problems are also emerging.For example,the securities intermediaries have lower illegal costs and principal-agent relationships.Unreasonable,unsound laws and regulations,and insufficient constraints on the reputational capital mechanism are all seriously challenging the legal status of securities intermediaries in the public offering of stocks.Based on this,in order to clarify the legal status of intermediaries in the public offering of stocks,the author mainly conducts in-depth analysis of intermediaries through historical analysis,comparative analysis and case analysis,in order to understand the development process of securities intermediaries and Based on the current status quo,and on the basis of this,the corresponding solutions are proposed,so that the relevant regulatory authorities in China can learn from the capital market practices of developed countries and the advantages of the registration system reform to curb the illegal and illegal chaos of China's securities intermediaries and re-establish intermediaries.Legal status in the securities market.