对李叶刚诉华闻传媒虚假陈述民事赔偿案件的评析

发布时间：2018-04-22 20:44

本文选题：虚假陈述 + 民事责任　；参考：《湖南大学》2015年硕士论文

【摘要】：自1986年新中国证券市场建立以来,我国证券业迅速发展,证券交易品种日益繁多、投资数额大幅递增。证券业蓬勃发展的同时,对于证券法律制度的完善也急需与时俱进。证券法律制度是保障证券市场健康发展的基本法律制度,作为证券法律制度支柱的信息披露制度在维护投资者利益方面发挥着重要作用。在我国证券市场中,证券违法案件层出不穷,尤其以虚假陈述违法案件最甚,严重损害了投资者的利益,影响了证券市场的正常运转。虽然刑罚能在打击犯罪、行政处罚能在规范市场秩序方面起到一定作用,但两者都难以在最大程度上弥补善意投资者的损失。而世界各国保护投资者权益的有效途径就是建立完善的民事责任制度。由于我国证券市场起步较晚,对证券虚假陈述民事责任制度的研究还处在摸索阶段,没有具体完善的规定,目前实践中,多以《最高人民法院关于受理证券市场因虚假陈述引发的民事赔偿案件的若干规定》作为审判依据。在虚假陈述民事案件中,投资者花费时间金钱来进行诉讼是为了使自己的损失获得一个赔偿,究竟他们获得怎样的赔偿关系着他们的付出与回报是否成正比。所以如何准确合理的确定赔偿是司法审判必须面对的课题,是司法审判的关键目的所在,更是证券法“保护投资者”的核心要义。赔偿额的确定所涉及到的问题主要包括:赔偿范围的确定、虚假陈述实施日及虚假陈述揭露日的确定、具体计算方法的标准等。而在证券市场上,需要信息披露义务人披露的全部信息中,会计信息所占的比例通常在70%以上,因此,对会计信息的重要性进行界定对于虚假陈述民事案件的处理就十分关键。为了有效保护投资者的合法权益,应该取消进行虚假陈述民事赔偿案件诉讼的前置程序的规定;改变目前对虚假陈述重大事件认定标准以列举式为主的形式,应给出一套可执行性强的法理上的判定标准。
[Abstract]:Since the establishment of the new Chinese securities market in 1986, the securities industry of our country has developed rapidly, the variety of securities trading has been increasing day by day, and the investment amount has increased greatly. With the rapid development of the securities industry, the perfection of the securities legal system is also in urgent need of keeping pace with the times. The securities legal system is the basic legal system to ensure the healthy development of the securities market. The information disclosure system, which is the pillar of the securities legal system, plays an important role in safeguarding the interests of investors. In China's securities market, securities illegal cases emerge in endlessly, especially the misrepresentation of illegal cases is the most serious, seriously damaged the interests of investors and affected the normal operation of the securities market. Although punishment can fight crime and administrative punishment can play a certain role in regulating market order, both of them can hardly make up for the loss of bona fide investors to the greatest extent. The effective way to protect the rights and interests of investors in the world is to establish a perfect civil liability system. Due to the late start of the securities market in our country, the research on the civil liability system of securities misrepresentation is still in the stage of exploration, and there are no specific and perfect regulations. Some provisions of the Supreme people's Court on accepting civil compensation cases caused by false statements in the securities market are taken as the basis of the trial. In civil cases of misrepresentation, investors spend time and money on litigation in order to get a compensation for their losses. What kind of compensation they get is related to whether their pay is proportional to their return. Therefore, how to determine the compensation accurately and reasonably is the subject that the judicial trial must face, is the key purpose of the judicial trial, and is also the core meaning of "protecting investors" in the Securities Law. The determination of compensation mainly includes the determination of compensation scope, the date of false statement implementation and the date of disclosure of false statement, the standard of concrete calculation method, etc. In the securities market, accounting information usually accounts for more than 70% of the total information required to be disclosed by the disclosure obligor. Therefore, defining the importance of accounting information is crucial to the handling of civil cases of misrepresentation. In order to effectively protect the legitimate rights and interests of investors, it is necessary to cancel the provisions of the pre-procedure for conducting civil compensation cases involving false statements, and to change the existing criteria for the determination of major events of misrepresentation in the form of enumerations, It is necessary to give a set of legal criteria of strong executability.
【学位授予单位】：湖南大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：D923

【参考文献】