Research On The Legal Regulation Of Insider Trading In China's Securities Market

Insider trading is a common illegal behavior in the securities market,and its trading behavior is both secret and complex.The inadequacies of the current legal regulations in the conduct identification and judicial punishment have resulted in the failure to punish the conduct in a timely manner,which ultimately caused investors,listed companies and the securities market as a whole to suffer from it.Therefore,effective legal regulation of insider trading is currently a very difficult subject.This article analyzes the current situation of insider trading in China's securities market and the current legal regulations on insider trading in China's securities market through literature research methods and case analysis methods,and deeply analyzes the inadequacies of current legal regulations.The comparative reference method is used to explain the legal regulations of insider trading in the United States,the European Union,and the United Kingdom,and to analyze the legislative purpose and value consideration of the legal system outside the territory.Through the analysis and discussion of the above three aspects,first of all,at this stage,the insider trading in the securities market still accounts for the majority of the punishment cases of the Securities Regulatory Commission.It is necessary to combat insider trading.Secondly,there are still many shortcomings in China's legislation against insider trading that need to be improved.Finally,although the United States,the European Union,and the United Kingdom have earlier cracked down on insider trading legislation than ours,not all legislative experience is suitable for China 's domestic conditions.This article analyzes the current characteristics of the current securities market insider trading,the current status of the securities market insider trading laws and regulations,and the extraterritorial regulation of the securities market insider trading laws and regulations.It is concluded that China's laws are still inadequate in combating insider trading in the securities market,but it must be based on the national conditions when absorbing foreign experience,and in this case,it has summarized the legislative recommendations for improving the insider trading in China's securities market,including behavior identification and responsibility And three aspects of administrative supervision.