The manipulation of securities market and its civil liabilities 論操縱市場行為及其民事賠償責(zé)任
Chapter two is securities liability for tort , in which i analyse and study civil liability for typical tortious acts , such as false statement , insider trading , manipulation of securities market and fraud on clients 在對證券侵權(quán)責(zé)任從總體上作簡短的分析后,對幾種典型的證券侵權(quán)行為展開了論述,包括不實陳述、內(nèi)幕交易、操縱市場、欺詐客戶等。
This dissertation follows three chapters . in chapter l , it points out that the manipulation of securities market is intrinsically a sort of fraudulent torts , by analyzing the legal nature of the manipulation in light of such basic theories as jurisprudence , civil law and commercial law 本文共三章。第一章利用法理學(xué)、民商法學(xué)等基本理論分析了操縱市場行為在商法上的性質(zhì),指出操縱市場行為實質(zhì)是一種欺詐性的侵權(quán)行為。
Part one defines the manipulation of securities market as such a serial of acts as affecting trading prices of securities by artificial means , inducing others to transact securities , etc . manipulative activities shall be seen as a kind of fraud . in the end , this part compares the said activities with speculation and the other similar term 第一部分:首先指出操縱行為是指利用各種人為手段影響證券交易價格,誘使他人買賣證券的一系列行為,并明確地將操縱行為定性為欺詐行為,然后對操縱與投機、做市商的做市行為進行比較。
The main tort activities in the securities market can be classified as follows : 1 ) falsified or misleading information on important omissions that result in losses for investors during securities transaction ; 2 ) manipulation of securities market ; 3 ) securities exchange personnel with inside information ; and 4 ) issuance of securities to the public without prior approval by authorized body according to law 《證券法》中的證券侵權(quán)行為包括虛假陳述,誤導(dǎo)、重大遺漏,操縱市場,內(nèi)幕交易,發(fā)行人擅自發(fā)行證券等。產(chǎn)生民事侵權(quán)責(zé)任的構(gòu)成要件是:首先,有侵權(quán)行為存在,即存在虛假陳述,誤導(dǎo)、重大遺漏行為,操縱市場行為,內(nèi)幕交易行為和發(fā)行人擅自發(fā)行證券行為。