【作者】 刘凯；

【导师】 曾丽洁；

【作者基本信息】 湖北大学 ， 法学， 2019， 硕士

【摘要】 随着我国股票市场的快速发展,证券从业人员的数量也在快速增长,其违规股票交易的问题日益突出。因此,如何规制证券从业人员的行为也成了愈发重要的法律问题。我国对于证券从业人员股票交易的现行规定所采取的做法,有其形成原因,但在股票市场发展中,其实施带来一些问题,也影响了这些规定真正发挥作用。其他发达国家和地区对于证券从业人员的股票交易的规制方法是否可以结合中国国情予以借鉴?对此做些比较研究,设计出符合我国国情的证券从业人员股票交易的规制方法,于克服我国证券从业人员股票交易行为的屡禁不止、证券市场的繁荣与有序发展,有着重要的现实意义。绪论部分对本研究的选题背景、选题目的和意义、国内研究现状及研究方法做了简明的介绍。第一章首先界定了本文所研究的证券从业人员的范围,现行法律法规等对于证券从业人员股票交易的禁止性规定及其在实践中的实施状况,提出了本文要研究的问题。现行法律法规的禁止性规定必定有其确立的缘由。第二章分析了我国对于证券从业人员股票交易规定的形成原因。证券从业人员利用职务之便掌握了一些未公开信息,进行股票交易有违公平原则;证券从业人员应当忠实于客户,为客户的利益而服务;旨在杜绝证券从业人员进行违规交易的可能性。但是现行禁止性规定对我国证券业发展和市场繁荣造成了不利影响。第三章主要分析了我国现有对证券从业人员股票交易规定在实践中导致的三个突出的现实问题:在一定程度上损害了证券从业人员和其他公民同等的投资权利、获取资产增值的权利;上市证券公司无法和其他上市公司一样实施员工持股计划;证券从业人员无法直接进行股票交易,新入职员工缺乏实际进行股票交易的机会,无法积累市场经验。通过分析现行禁止性规定产生的原因与其在实践中遇到的现实问题之间的矛盾,有必要借鉴其他发达国家和地区的先进规制方法的现实合理性。第四章主要比较分析了其他发达市场对于证券从业人员的规制,尤其是重点介绍了世界上最发达的资本市场——美国的规制方法。此外还研究了欧盟及其成员国和香港地区的规制现状。比较分析的目的不是为了照搬“他山之石”。我国的规制方法必须符合我国国情。第五章提出了完善我国证券从业人员股票交易规制方法的建议。首先是提出了明确内幕交易监管标准的建议,然后提出了分类监管证券从业人员的建议。另外,公司应当加强内控制度的建设;各类监管机构应当完善其监管职能;还应当营造股票市场诚信体系。更多还原

【Abstract】 With the rapid development of China’s stock market,the number of securities practitioners is also growing rapidly,and the problem of illegal stock trading is becoming increasingly prominent.Therefore,how to regulate the behavior of securities practitioners has become an increasingly important legal issue.This paper analyses the current regulations on the stock trading of securities practitioners,the reasons for their formation and the problems existing in their implementation.Through comparative study,other developed countries and regions try to design the regulation methods for the stock trading of securities practitioners in accordance with the national conditions of our country.The introduction part mainly introduces the background,significance,research status and research methods of the topic selection.The first chapter defines the scope of securities practitioners studied in this paper,the current laws and regulations for securities practitioners’ stock trading,and the implementation of prohibitive provisions in practice.The second chapter analyses the reasons for the formation of China’s regulations on stock trading for securities practitioners.Securities practitioners grasp some unpublished information by taking advantage of their positions,which violates the principle of equity in stock trading.Securities practitioners should be loyal to customers and serve the interests of customers.The purpose is to eliminate the possibility of securities practitioners engaging in illegal trading.Chapter three mainly analyses four important problems existing in the practice of the existing regulations on stock trading of securities practitioners in China.The current prohibitive provisions have no practical effect in practice,and practitioners have various ways to circumvent them.To a certain extent,it impairs the securities practitioners’ equal investment rights and the right to acquire value-added assets.Listed securities companies can not implement employee stock ownership plan as other listed companies.Securities practitioners are unable to trade stocks directly,and new employees lack the opportunity to trade stocks and accumulate market experience.The fourth chapter mainly elaborates the regulation status of securities practitioners in other developed markets.Among them,it mainly introduces the regulation methods of the United States,which is the most developed capital market in the world.In addition,the regulatory status of the EU,its member states and Hong Kong is also studied.The fifth chapter puts forward some suggestions on the regulation of stock trading of securities practitioners in China,with a view to improving the regulation system of our country.Firstly,from the angle of legislation,it puts forward perfect suggestions,and then puts forward perfect methods in law enforcement.Finally,it puts forward suggestions to build a good faith system in the stock market.更多还原