Research On The Criminal Regulations Of Internet Equity-based Crowdfunding

As the product of online finance,Internet Equity-based Crowdfunding has been warmly welcomed by all circles of society since it came into being.It can push indifferently equity-like financial products or services to each customer through the network,and can cover the "long tail market"-even though a single customer turnover is not high,but as the scale of customers is large,the size of the equity financial products and services are increased so that individuals or small micro enterprises whose net assets are low can obtain good financing income.It has effectively broken the monopoly of traditional financial institutions in China and become an equal inclusive finance.However,due to the relevant legal barriers and the lag in the construction of relevant legislation,the immature financial market,information asymmetry and other reasons,Internet Equity-based Crowdfunding is faced with huge legal risks in practice,and some people may even be suspected of illegal fund-raising and other criminal crimes.In order to maximize the advantages of Internet Equity-based Crowdfunding of solving the financing difficulties of small and medium-sized enterprises,promoting employment,stimulating economic growth,enriching capital market level and improving the capital market system on the basis of legal compliance,it is necessary for relevant departments to regulate Internet Equity-based Crowdfunding through criminal law and obtain reasonable legal compliance.This paper will be divided into three parts to discuss the regulation of criminal law on Internet Equity-based Crowdfunding:Part I: Overview of Internet Equity-based Crowdfunding.Firstly,the author will sort out the concept and evolution process of Internet Equity-based Crowdfunding.Secondly,the author will summarize and analyze the current mainstream operation mode of Internet Equity-based Crowdfunding.Finally,the author will summarize five characteristics and three concepts of Internet Equity-based Crowdfunding.Part ?: The investigation of criminal risk and criminal regulation effect on Internet Equity-based Crowdfunding.The author will firstly talk about the reality of the development of Internet Equity-based Crowdfunding in China and the criminal law risk,mainly including that Internet Equity-based Crowdfunding may violate the "public offering" Internet access,may appear "alienation" and may be derived in the other crime.Secondly,on this basis,the author investigates the practical effect of China's current criminal law on the regulation of Internet Equity-based Crowdfunding and points out the objective problems existing in the practice of criminal regulation.Part ?: Principles and Suggestions on the regulation of criminal law on Internet Equity-based Crowdfunding.On the basis of comprehensive analysis of the above problems and based on China's national conditions,this part first explores and analyzes the criminal regulation principles of Internet Equity-based Crowdfunding.And then the author will put forward valuable suggestions on the improvement of the criminal regulation of Internet Equity-based Crowdfunding,hoping that Internet Equity-based Crowdfunding can better play its unique role as innovative finance.