证券立法中的公开原则

发布时间：2018-03-29 12:29

本文选题：证券立法　切入点：公开原则　出处：《法学》1994年12期

【摘要】：正一、证券立法中的公开原则概况公开原则是证券立法中的一个重要原则。它的实质内容是要求证券发行人将所有的有关资料公之于众,不得有虚假、误导或遗漏,从而防止投资者向不良证券发行人投资,以避免不应有的损失。在对证券交易所及其委员会采取完全放任政策的英国1843年公司法中,已有关于公开说明的规定。但公开原则的真正确立是在美国。1929年华尔街证券市场因非法投机、欺诈与操纵行为产生大阵痛、大动荡,因此,罗斯福1932年竞选美国总统时,确立公开原则,就成为其所在的民主党施政纲领中关于证券立法改革的重要内容。他在就任总统后,即要求证券立法以公开原则作为理论指导。正如美国证券法专家布莱斯·帕斯托里所指出的那样:贯穿于美国证券法律的基本原则,特别是对1933年证券法来说是“公开”原则,而不是“审查”原则。纵
[Abstract]:One of the principle of openness, the principle of open securities legislation is an important principle in the legislation of securities. Its essence is the requirements of the securities issuer will reveal to the public all the relevant information, shall not be false, misleading or omission, thus preventing investors to distressed securities issuer investment, in order to avoid unnecessary losses on. The stock exchange and the Commission to take the British company law in 1843 the laissez faire policy, has a public explanation of the provisions. But the principle of openness is truly established in the United States.1929 Wall Street securities market for illegal speculation, fraud and manipulation of large labor pains, upheaval, therefore, Roosevelt in the presidential election in 1932, the establishment of the principle of openness it becomes an important content of securities legislation reform the democratic policy agenda. He became president, which requires the securities legislation to open the original As a theoretical guide, as Blaise pasztory, an expert on Securities Law of the United States pointed out, "the basic principles throughout American securities law, especially in 1933, are" open "rather than" censorship "principles.

【作者单位】：西北政法学院
【分类号】：D912.28

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