The Characteristics and Precaution of Insider Trading in the Stock Market

Abstract

摘要证券内幕交易是指知悉尚未公开的(或其他众多人尚未了解的)、涉及证券的发行、交易或者其他对证券的价格有重大影响的信息的知情人员或者从知情人员获取此信息的其他人员,违反证券法规,利用此信息相应做出买卖该证券的行为,或者泄露该信息并建议他人买卖该证券的行为,在众多监管严厉的证券市场中被视为“严重侵害”普通投资者权益和降低市场效率的不法行为。内幕交易扭曲了证券产品的真实价值,破坏了证券市场的价值衡量基础,是表面上的违法性和实质上的危害性的统一。本文以有效市场假说、不完备法律理论为基础,运用规范分析与比较分析的研究方法,借鉴成熟资本市场完善内幕交易法律制裁和监管政策的经验,对我国证券市场内幕交易的主...Abstract The inside trading of the securities refers people who know the information that not open yet (or other numerous people have not know yet), involve the issue of the securities, trade or something else, or some people who get information from these people, they trade use these information, or reveal this information to advice others, it's considered as malfeasance to encroach the rights...学位:经济学硕士院系专业:经济学院财政金融系_金融学(含保险学)学号:20024204

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