“老鼠仓”行为的刑法规制研究

发布时间：2018-05-07 13:55

本文选题：老鼠仓 + 利用未公开信息交易罪　；参考：《华东政法大学》2014年硕士论文

【摘要】：“老鼠仓”行为是金融交易领域非常常见的一种违规交易行为，几乎成为业内人尽皆知的“潜规则”，其数量之大让人惊讶。它不仅严重损害了广大散户的利益，给股民带来巨额财产损失，更严重挫败了人们的投资信心，阻碍了我国金融业的健康有序发展，可以说“鼠患不除，金融不兴”。虽然我国刑法已将“老鼠仓”行为纳入到刑法规制范围之内，但是不得不承认在处理“老鼠仓”犯罪案件时确实存在很多疑难问题，概念不清、界限模糊、侦查难、取证难、司法实效难以达到立法预期等问题突出。因此，有必要对“老鼠仓”行为的刑法规制进行深入的研究，既包括立法层面研究，也包括司法层面的研究。文章的主体内容主要有四个章节，各部分具体内容如下：第一章主要从三个方面对“老鼠仓”的本体问题进行了研究，首先介绍了“老鼠仓”行为是什么，通过对“老鼠仓”概念的溯源，揭示出其“先进、先溜”的违规交易本质。其次，通过对我国司法实践中“唐建案”的具体运作流程进行剖析，并结合图表的形式将“老鼠仓”运作流程直观地表现出来。最后，通过对“老鼠仓”行为方式和主体关系的分析，得出“老鼠仓”行为本质上是背信行为的结论。第二章主要是通过对比研究的方法，分析我国对“老鼠仓”规制路径选择的应然与实然。英美立法模式固然可以通过内幕交易罪的形式将“老鼠仓”行为纳入其中，但因基金形式不同借鉴意义不大；日本以背信罪和特殊背信罪相结合的立法模式为我们解决“老鼠仓”犯罪问题提供了一种新的思路，但是也存在口袋罪的问题；德国和我国台湾地区的立法模式将“老鼠仓”行为进行了细致、全面的区分，有效地避免了法律黑洞的出现，值得我们借鉴。文章通过对我国立法模式的分析，得出设立金融从业人员背信罪才是可行之策的结论。第三章主要是从犯罪构成要件的角度，对利用未公开信息交易罪进行分析。选择“未公开信息”、“利用因职务便利”、“违规规定”和“明示、暗示他人从事相关交易”作为本罪的客观要件研究的切入点。从本罪主体范围的框定和共犯问题的角度全面分析本罪的主体。最后结合实践中出现的问题，，有针对性地提出增设单位犯罪和修正“情节严重”之规定的建言。第四章是对“老鼠仓”犯罪司法实效的考量，主要对利用未公开信息交易罪司法实效不佳的原因进行分析，并从侦查、衔接机制以及法定刑方面对提高“老鼠仓”犯罪的司法实效提出完善建议。
[Abstract]:Rat trading is a very common form of illegal trading in financial trading, and it has become a well-known "hidden rule" in the industry, and its number is surprisingly large. It not only seriously damages the interests of the majority of retail investors, brings huge property losses to the shareholders, but also seriously thwarts people's investment confidence and hinders the healthy and orderly development of our financial industry. Although the criminal law of our country has brought the "rat warehouse" behavior into the scope of the criminal law, it has to be admitted that there are many difficult problems in dealing with the "mouse storehouse" crime cases, the concept is not clear, the boundaries are blurred, the investigation is difficult, the evidence collection is difficult. Judicial effectiveness is difficult to achieve legislative expectations and other outstanding problems. Therefore, it is necessary to conduct a deep study on the criminal law regulation of "rat storehouse", including both legislative and judicial aspects. The main body of the article has four chapters, and the specific contents of each part are as follows: The first chapter mainly studies the ontology of "mouse bin" from three aspects. Firstly, it introduces what the behavior of "mouse bin" is, and reveals the essence of "advanced, advance" illegal trading by tracing the source of the concept of "mouse bin". Secondly, through the analysis of the concrete operation process of "Tang Jian case" in the judicial practice of our country, and combined with the form of chart, the operation process of "mouse storehouse" is displayed intuitively. Finally, through the analysis of the behavior pattern and the main body relationship of "mouse bin", it is concluded that the behavior of "mouse bin" is essentially a breach of trust behavior. The second chapter mainly through the contrast research method, analyzes our country to the "mouse storehouse" the regulation path choice should and the reality. Although the Anglo-American legislative model can include the "rat warehouse" behavior in the form of insider trading crime, it is of little significance for reference because of the different forms of funds. Japan's legislative model of combining the crime of breach of trust with the crime of special breach of trust provides us with a new way of thinking to solve the problem of "rat bin" crime, but there is also the problem of pocket crime. The legislative model of Germany and Taiwan makes a careful and comprehensive distinction between the "rat storehouse" behavior and effectively avoids the appearance of the legal black hole, which is worthy of our reference. Based on the analysis of the legislative model of our country, this paper draws the conclusion that it is feasible to establish the crime of financial practitioners' breach of trust. The third chapter mainly analyzes the crime of using unpublished information transaction from the angle of the constitution of crime. "undisclosed information", "making use of the convenience of duty", "violation of regulations" and "express, implied others engaged in relevant transactions" are the entry points for the study of the objective elements of this crime. This article analyzes the subject of the crime from the angle of the scope of the subject and the problem of accomplice. Finally, combined with the problems in practice, the author puts forward the suggestion of adding unit crime and amending the stipulation of "serious circumstances". The fourth chapter is to consider the judicial effectiveness of the "rat bin" crime, mainly to analyze the reasons for the poor judicial effectiveness of the crime of using unpublished information transactions, and from the investigation, The connection mechanism and the legal punishment make some suggestions to improve the judicial effectiveness of rat bin crime.
【学位授予单位】：华东政法大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：D924.3

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