Research On The Reward System For Reporting Violations Of Securities Laws And Regulations

Our country’s securities industry is becoming more and more prosperous,followed by increasingly severe regulatory problems.At present,only relying on the securities supervision and administration department to supervise our country’s securities industry,cracking down on securities violations will inevitably appear to be left-sided and difficult to deal with.It is of great significance to guide the public to participate in the actions of assisting the regulatory authorities in cracking down on violations of securities laws and regulations,and to form a public-private partnership with the regulatory authorities to combat violations of securities laws and regulations,protect the rights and interests of investors,and promote the efficient and stable development of the securities market.This article starts from the concept,legislative evolution and perfect motivation of the reporting reward system for securities violations,and reflects the importance of researching and improving the reward system for reporting violations of securities laws and regulations in our country.Combined with the research on the reward system for securities reporting and related cases,the problems existing in the reward system for reporting violations of securities laws and regulations in our country are brought out.At first,in the handling of whistle-blowing information,our country’s securities whistle-blowing reward system lacks the standard of legitimacy review,resulting in the flood of whistle-blowing information and low availability.Apart from that,the bonus rules are unscientific,cannot balance with the social risks borne by the whistleblower,and cannot meet the whistleblower’s expectations.What’s more,the whistleblower reward system is not sound enough to protect whistleblowers,and the protection is weak.The whistleblower cannot gain a sense of security from the existing protection system,which is undoubtedly an important reason for ignoring violations of laws and regulations and daring to stand up to report violations of laws and regulations.factor.Last but not least,the public’s awareness of the system is low,and even if they do,they are “deterred” by the various deficiencies in the reporting reward system or misunderstandings about the system.In response to the above problems,this paper,by drawing on the experience of excellent foreign systems and combining the current state of the domestic system,believes that feasible measures can be taken to improve the reward system for reporting violations of securities laws and regulations.First,clarify the standards for legitimacy review,and improve the availability of reported clues by reviewing the legitimacy of the form and content of clues.Second,build reasonable bonus rules,increase the amount of bonus,determine the factors that affect the bonus,increase the source of bonus,etc.,to enhance the certainty of the whistleblower’s reward,shorten the whistleblower’s bonus acquisition cycle,and stimulate the whistleblower’s enthusiasm.Third,strengthen the protection of whistleblowers,build a strong whistleblower protection system,expand the scope of whistleblower protection,and ensure the confidentiality of whistleblower identity information.concerns.Fourth,it is necessary to strengthen the publicity of the system,and guide the public to correctly view the whistleblower reward system with integrity and justice values.Through perfect system construction and the guidance of correct values,people in the know can bravely stand up to expose securities violations.