违规股份增持行为的法律进路——基于《证券法》漏洞的考量

发布时间：2018-01-12 22:30

  本文关键词：违规股份增持行为的法律进路——基于《证券法》漏洞的考量　出处：《上海金融》2017年11期 　论文类型：期刊论文

  更多相关文章： 股份增持 违规成因 内幕交易 规制

【摘要】：近来,资本市场频频出现违规股份增持行为,但我国对该行为如何规制存在诸多争议。如何有效规制该行为,关键在于明确行为成因和定性。文章以违规增持股份行为成因为切入点,通过内幕交易与违规股份增持行为比较,将其认定为内幕交易或者类推适用内幕交易的不当性,应认定为一般违规或违法行为,最后提出相应的对策建议,以规避此类行为的再次发生,从而完善我国大额持股信息披露制度,营造良好的市场环境,促进资本市场健康发展。
[Abstract]:Recently, the capital market frequently appears the illegal stock holding behavior, but our country has many controversies on how to regulate the behavior and how to regulate the behavior effectively. The key is to make clear the cause of behavior and qualitative. The article takes the cause of illegal increase of shares as the starting point, through insider trading and illegal behavior of the increase of shares comparison. To identify it as insider trading or to apply insider trading by analogy should be considered as a general violation or illegal behavior. Finally, the corresponding countermeasures and suggestions are put forward in order to avoid the recurrence of this kind of behavior. In order to perfect the information disclosure system of large stock holding in our country, create a good market environment and promote the healthy development of capital market.
【作者单位】： 华东政法大学经济法学院;
【分类号】：D922.287;F832.51
【正文快照】： 一、引言:“慢走规则”的失控 在金融资本市场,投资者为达到特定目的,依据市场行为而作出股份增持的交易行为,不仅仅影响到到市场交易的公平、公正,也涉及到整个资本的市场生态平衡。然而近几年来违规举牌案例屡见不鲜,尤其在A股市场更为普遍。据初步统计,自2014年下半年开始，

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