Analysis Of Financial Consumer Protection From The Perspective Of Information Disclosure Irregularities

Financial consumers are the most important source of financial market."How can it be so clear,only to springhead." Whether we can effectively protect the legitimate rights and interests of financial consumers is related to the establishment and perfection of a multi-level and multifunctional financial market system.To attach great importance to and effectively strengthen the protection of financial consumers is a major event for maintaining social fairness and justice and the vital interests of millions of people.It is also an important basis for the reform and innovation of the financial market system and the healthy development of the financial market system.In the process of financial market operation,compared with other subjects in the market,the financial consumers in the financial transaction,whether the information mastery or capital ownership are in a inferior position.Therefore,the behavior subjects and market behavior that damage the rights and interests of financial consumers are not in the minority.Compared with other behaviors such as banking financial products exaggerating publicity and misleading sales of insurance products,the listed companies in the securities market are more invisible to financial consumers because of information disclosure violations,which are often reflected in the stock price after the violation is investigated and the financial consumers are not able to respond.In addition,under such circumstances,financial consumers have no reasonable way to actively safeguard their rights due to the loss of stock prices.Compared with other financial consumers in other formats,financial consumers in the securities market need more perfect protection system to protect them.From the definition of "financial consumer",this paper emphasizes the evolution of individual investors to financial consumers.It also takes the "two peaks" theory of financial supervision,consumer paramountcy theory,asymmetric information theory and the efficient markets hypothesis as the theoretical basis for the study of information disclosure irregularities that damage the rights and interests of financial consumers.Through the general overview of the evaluation,the market behavior,the main body of behavior and the motivation of Chinese listed companies on the protection of the rights and interests of financial consumers.On the basis of general analysis,this paper analyzes the cases of information disclosure irregularities that damage financial consumers' rights and interests of Dalian holding company.Through combing and analyzing the irregularities of the cases,the reasons for the damage of the financial consumers' rights and interests of the listed companies through information disclosure are analyzed from many aspects.According to the conclusion of case analysis,the reasons for the information disclosure irregularities of listed companies can be divided into two categories:internal and external reasons.The internal reasons are mainly analyzed from the ownership structure of the company and the situation of board of directors,executives,board of supervisors.And the external reasons are mainly analyzed from the audit institutions,the cooperative banks and the market system.Finally,according to the various subjects involved in the case,,from the regulatory department and the financial market management which are the two aspects of the financial market to improve the policy recommendations for the protection of China's financial consumer system.Through the formulation and implementation of the laws and regulations,the construction and optimization of the mechanism system,the overall promotion of the management level of listed companies and the strengthening of the service awareness of the financial institutions,the legal rights and interests of financial consumers are effectively guaranteed and a good financial environment is built.