美国证券集团诉讼演进研究

发布时间：2018-03-06 09:42

本文选题：美国证券集团诉讼　切入点：证券民事责任　出处：《复旦大学》2011年硕士论文　论文类型：学位论文

【摘要】：随着越来越多的中国企业在美国上市遭遇集团诉讼,美国证券集团诉讼成为人们关注的焦点。加之近年国内证券侵权案件频发但现有法律制度无法保护投资者利益,对美国证券集团诉讼的研究就更具现实意义了。美国是最早以制定法形式规定集团诉讼制度的国家,也是发达证券市场中证券集团诉讼最为活跃的国家。美国证券集团诉讼在发展过程中的变革内容和原因,不仅能向我们展示了证券集团诉讼的优势以及其自身的缺陷、如何克服这些缺点带来的消极影响,还向我们揭示了证券集团诉讼和证券市场的相互影响。基于此,本文以历史演进为角度,以实证法学的研究方法,探究证券集团诉讼的演进过程、变革内容和原因,在此基础上分析美国证券集团诉讼在中国的适应性,以期有益于我国证券民事诉讼的理论与实践。本文除引言和结语外,共分为四章：第一章介绍了美国集团诉讼制度的概念、历史、法律构成以及围绕集团诉讼的争论。美国集团诉讼在1966年《联邦民事诉讼规则》对其进行修改后,概念更加明确,分类更具实践意义,还有“选择退出”制度的规定都为集团诉讼在实践中的应用扫清了障碍。第二章介绍了美国证券法上的民事责任制度和证券集团诉讼在保护中小投资者利益方面的优势。证券侵权行为自身的特点使投资者提起证券民事诉讼面临很多困难,而证券集团诉讼则解决了这些问题,使证券投资者保护自己的利益成为可能。第三章介绍了美国证券集团诉讼制度的历史发展过程、演进原因以及改革内容,并通过实证研究对改革效果予以评价。美国证券集团诉讼产生于20世纪30年代,自20世纪70年代起飞速发展直至泛滥,导致美国国会先后于1995年和1998年通过《私人证券诉讼改革法》和《证券诉讼统一标准法》。改革后美国证券集团诉讼制度的发展进入了一个相对稳定的时期。第四章介绍了中国证券法民事诉讼的现状以及美国证券集团诉讼移植中国的可能性。中国证券民事诉讼制度立法不完善,无法解决现实中复杂且庞大的证券纠纷案件,更无法保护证券投资者的利益,司法实践中迫切需要证券民事诉讼改革。中美两国的差异会给证券集团诉讼在中国的发展添加诸多未知数,中国借鉴美国证券集团诉讼经验需要加倍谨慎。
[Abstract]:With more and more Chinese enterprises listed in the United States, group litigation has become the focus of attention. In addition, in recent years, there have been frequent cases of domestic securities infringement, but the existing legal system cannot protect the interests of investors. The research on American securities class action is of more practical significance. The United States was the first country to regulate the class action system in the form of a statutory law, and it was also the most active country in the developed securities market. The content and reasons for the change in the development of the securities class litigation in the United States. It not only shows us the advantages of the securities group litigation and its own defects, how to overcome the negative effects of these shortcomings, but also reveals the mutual influence between the securities group litigation and the securities market. Based on this, this paper, from the angle of historical evolution and the research method of positivism, probes into the evolution process, the content and the reason of the securities group action, and then analyzes the adaptability of the American securities group litigation in China. In order to benefit our country securities civil action theory and practice. In addition to the introduction and conclusion, this article is divided into four chapters:. The first chapter introduces the concept, history, legal constitution and the controversy around the class action system of the United States. After the amendment of the Federal rules of Civil procedure in 1966, the concept of the class action in the United States is more clear. Classification has more practical significance, and the "opt-out" system clears the way for the application of class action in practice. The second chapter introduces the civil liability system in the securities law of the United States and the advantages of the securities group litigation in protecting the interests of small and medium-sized investors. But the securities class lawsuit solves these problems, making it possible for the securities investors to protect their own interests. The third chapter introduces the historical development process, the evolution reason and the reform content of the American securities group litigation system, and evaluates the effect of the reform through the empirical research. Since 1970s, it has been developing rapidly until it is flooded. In 1995 and 1998, the United States Congress passed the Private Securities Litigation Reform Act and the uniform Standard of Securities Litigation Act. After the reform, the development of the American securities class litigation system entered a relatively stable period. Chapter 4th introduces the current situation of civil litigation in China's securities law and the possibility that American securities group litigation can be transplanted to China. China's securities civil litigation system is not perfect enough to solve the complex and huge securities disputes in reality. It is even more difficult to protect the interests of securities investors, and there is an urgent need for civil litigation reform in securities in judicial practice. The differences between China and the United States will add a lot of unknowns to the development of securities class litigation in China. China needs to be more cautious in drawing lessons from US securities class litigation experience.
【学位授予单位】：复旦大学
【学位级别】：硕士
【学位授予年份】：2011
【分类号】：D971.2;DD915.2;DD912.28

【引证文献】