操纵证券市场若干问题研究

Several Issues Concerning the Manipulation of Securities Market

操纵证券市场的本质是价格操纵 ,操纵价格是一种最常见的证券欺诈方式。操纵市场行为可大体分为“虚伪交易型”、“实际交易型”、“恶意散布、制造虚假信息型”与“其他操纵行为”等四大类。建立完善民事赔偿责任制度能够有效的遏止操纵市场行为 ,保护投资者的合法权益。

The manipulation of securities market is an illegal action distorting the price-setting mechanism, seriously prejudicing the interests of investors and rendering unjust securities market. The manipulation of securities market can be classified as follows: actual purchases, pool operation, maliciously spread and fabricate false information and other conducts of manipulation. Establishing a sound and healthy system of civil liabilities is helpful for restraining the manipulation of securities market and only in doing so, the legal rights of investors can be effectively protected.