证券投资基金从业人员背信行为的民事责任研究

发布时间：2018-09-13 12:52

【摘要】：摘要：证券投资基金从业人员背信行为是指在处理投资者事务或管理、处分投资者财产或财产性利益的基金公司从业人员,故意滥用权限或违背信托义务,损害投资者财产利益的行为。证券投资背信行为出现主要有四个原因：基金法律制度不健全；背信行为刑事责任和民事责任缺失；基金外部监管不力；内部控制制度不健全。正是由于上述原因的存在,导致了证券投资基金背信行为的频发。证券投资基金从业人员背信行为对基金份额持有人、基金经理、基金公司乃至整个基金行业都有着巨大的危害。对证券投资基金从业人员背信行为的民事责任追究面临着许多问题。最大的问题在于现行法对其过于原则的规定,使得该行为基本处于一个不受限制的状态。我国偏重于采用刑事和行政手段,较为忽略民事责任作用,从而导致证券投资基金背信行为肆虐,因此应完善现有的证券投资基金从业人员背信行为民事责任追究制度。在追究其民事责任时,首先需对其民事责任性质作出判断,由于该行为的违法行为人与受害者之间不存在合同关系,因此,该行为的民事责任应认定为侵权责任。由于受害人取证手段缺乏,因此采用过错推定原则更妥当。在证券投资基金从业人员背信行为的侵权要件认定中,由于证券市场的特点,损害数额的计算应以违法行为人的违法所得作为损害数额。在因果关系认定上,由于股价是诸多因素共同影响的结果,因此需采用因果关系推定原则。在民事赔偿方面,由于基金持有人变动频繁,因此应以买入股票时基金公司的基金持有人作为受害主体。证券投资基金从业人员背信行为虽然短时间内无法彻底遏制,但是随着民事责任制度的进一步细化,同时通过完善现有的监督执法体制,加重其违法成本,该行为横行的现状有望得到改善。
[Abstract]:Absrtact: the breach of trust by the employees of securities investment funds refers to the employees of fund companies who deal with the affairs or management of investors and punish the property or property interests of investors, and intentionally abuse their authority or violate their trust obligations. The act of harming the property interests of an investor. There are four main reasons for the appearance of securities investment breach of trust: the imperfect legal system of the fund; the lack of criminal liability and civil liability of the breach of trust; the weak external supervision of the fund; and the unsound internal control system. It is because of the existence of the above reasons, leading to the frequent occurrence of securities investment fund breach of trust. The dishonest behavior of the employees of the securities investment fund has great harm to the fund share holders, fund managers, fund companies and even the whole fund industry. There are many problems in the investigation of civil liability for the breach of trust of securities investment fund employees. The biggest problem is that the current law is too principled, making the behavior basically in an unrestricted state. Our country pays more attention to the criminal and administrative means, neglects the civil liability function, thus causes the securities investment fund to break the trust behavior rampant, therefore should consummate the existing securities investment fund employee dishonest behavior civil liability investigation system. When we investigate their civil liability, we should first judge the nature of their civil liability. As there is no contractual relationship between the perpetrator and the victim, the civil liability of the act should be regarded as tort liability. Due to the lack of means of obtaining evidence, it is more appropriate to adopt the principle of presumption of fault. Due to the characteristics of the securities market, the amount of damage should be calculated by the illegal income of the illegal perpetrator in the identification of the tort elements of the breach of trust of the employee of the securities investment fund. In causality determination, because stock price is the result of many factors, it is necessary to adopt the principle of causality presumption. In the aspect of civil compensation, the fund holder of the fund company should be regarded as the victim because of the frequent change of the fund holder. Although the breach of trust of securities investment fund practitioners cannot be completely curbed in a short period of time, but with the further refinement of the civil liability system and the improvement of the existing supervisory and law enforcement system, the illegal costs will be increased. The current state of this behavior is expected to improve.
【学位授予单位】：中南大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：D923;D922.287

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